Trump and Hawthorne Have Decided to Form a Partnership

Trump and Hawthorne have decided to form a partnership.Trump is going to contribute a depreciable asset to the partnership as his equity contribution to the partnership.The following information regarding the asset to be contributed by Trump is available:
Historical cost of the asset ………………… $76,000
Accumulated depreciation on the asset………………… $40,000
Note payable secured by the asset* ………………… $18,000
Agreed-upon market value of the asset ………………… $45,000
*will be assumed by the partnership
Based on this information,Trump's beginning equity balance in the partnership will be:

A) $76,000
B) $36,000
C) $18,000
D) $27,000
E) $45,000