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Abdullah and Yasser wish to form a Y & Z partnership. Abdullah contributes Plant and Machinery with a book value of $ 375,000 (current value
- Abdullah and Yasser wish to form a Y & Z partnership. Abdullah contributes Plant and Machinery with a book value of $ 375,000 (current value of $400,000) and a factory building with a book value of $ 400,000 (current value of $ 600,000). Yasser will contribute cash. If the partners plan to share profits and losses on 3:2 ratio, after the formation of the partnership and assuming they have agreed to follow the same ratio as capital contributions, how much cash will Yasser have to contribute to form the partnership?
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