Dalworth and Minor have decided to form a partnership. Minor is going to contribute a depreciable asset to the partnership as her equity contribution to the partnership. The following information regarding the asset to be contributed by Minor is available: Based on this information, Minor's beginning equity balance in the partnership will be:
A)$276,000
B)$158,000
C)$136,000
D)$127,000
E)$18,000

Question

Dalworth and Minor have decided to form a partnership. Minor is going to contribute a depreciable asset to the partnership as her equity contribution to the partnership. The following information regarding the asset to be contributed by Minor is available:  Based on this information, Minor's beginning equity balance in the partnership will be:
A)$276,000 
B)$158,000 
C)$136,000 
D)$127,000 
E)$18,000

Quizplus · Accepted Answer

The Answer of Dalworth and Minor have decided to form a partnership. Minor is going to contribute a depreciable asset to the partnership as her equity contribution to the partnership. The following information regarding the asset to be contributed by Minor is available:  Based on this information, Minor's beginning equity balance in the partnership will be:
A)$276,000 
B)$158,000 
C)$136,000 
D)$127,000 
E)$18,000

Dalworth and Minor Have Decided to Form a Partnership