As part of the initial investment, a partner contributes equipment that had originally cost $125,000 and on which accumulated depreciation of $100,000 has been recorded.f similar equipment would cost $150,000 to replace and the partners agree on a market valuation of $38,000 for the contributed equipment, what amount should be debited to the equipment account? $38,000 $150,000 $125,000 $100,000