Rashad Contributes a Machine Having a Basis of $30,000 and an FMV

question 46

Multiple Choice

Rashad contributes a machine having a basis of $30,000 and an FMV of $25,000 to a partnership in exchange for a 20% interest in partnership capital, profits, and losses. Prior to the contribution, the partnership had recourse liabilities of $20,000. The partnership assumes a $20,000 recourse liability that is owed by Rashad on the machine. Partners share the economic risk of loss from recourse liabilities in the same way they share partnership losses. Rashad's basis in his partnership interest is

• A)$11,000.
• B)$18,000.
• C)$22,000.
• D)$34,000.

Identify cognitive and psychoanalytic explanations for mental health issues.

Understand the development and categorization of specific phobias and mood disorders.

Recognize the importance of cognitive distortions in certain mental disorders.

Conceptualize mental health conditions across different demographics and historical periods.

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Definitions:

Myofibril

A basic rod-like unit of a muscle cell, which is essential in the process of muscle contraction and made up of sarcomeres.

Sarcoplasmic Reticulum

A network of membrane-enclosed tubules in muscle cells, involved in the regulation of calcium ions and muscle contraction.

Calcium

A chemical element vital for bone health, muscle function, and nerve signaling in the human body.

Neuromuscular Junction

The synapse or connection between a motor neuron and a skeletal muscle cell, enabling muscle contraction.