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3 pts Question 3 James and Laura are forming a partnership. James will invest a truck with a book value of $12.000. James purchased the

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3 pts Question 3 James and Laura are forming a partnership. James will invest a truck with a book value of $12.000. James purchased the ind two years ago for $16,000 and has recorded $4.000 of accumulated depreciation on the truck so far. The track currently use fair market value of $14.000. Laura will invest a building along with a mortgage on that building. The building cost Laura $52,000, it has a mortgage of $22.000, its book value is $30.000 and its fair market value is $48.000. What is the TOTAL partners capital after the above investments are made? $26.000 590,000 S42.000 $40.000 * Previous

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