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5. And equal partnership is formed by Rita and Gerry, Rita contributes cash of $10,000 and a building with a fair market value of $150,000,

5. And equal partnership is formed by Rita and Gerry, Rita contributes cash of $10,000 and a building with a fair market value of $150,000, adjusted basis of $55,000 and subject to a liability of $60,000. Gerry contribute cash of $100,000. What is the partnership spaces in the building contributed by Rita?
A. $90000
B. $55000
C. $60000
D. $150000
E. None of these choices are correct

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