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Smiles and Scowls,two Sole Traders,form a Partnership by Combining Their

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Smiles and Scowls,two sole traders,form a partnership by combining their net assets.
Smiles contributes:  Cost value  Fair value  Accounts Receivable $10000$8500 Cash $20000 Scowls contributes:  Plant $30000$25000 Accumulated Depreciation $8000 Bank Overdraft $11000\begin{array}{lcc} & \text { Cost value } & \text { Fair value } \\\text { Accounts Receivable } & \$ 10000 & \$ 8500 \\\text { Cash } & \$ 20000 &\\\text { Scowls contributes: }\\\text { Plant } & \$ 30000 & \$ 25000 \\\text { Accumulated Depreciation } & \$ 8000 & \\\text { Bank Overdraft } & \$ 11000 &\end{array}
What will be the amount shown in the Accumulated Depreciation account on formation of the partnership of Smiles and Scowls?

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Definitions:

Serious Violations of Rules

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DSM-5 Criterion

Specific guidelines outlined in the Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, used to diagnose psychiatric disorders.

Argumentative/defiant Behaviors

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Conduct Disorder

A pattern of repetitive behavior where the rights of others or societal norms are violated by the individual, often seen in children and adolescents.

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