Bagley invests personally owned equipment, which originally cost $220,00 accumulated depreciation of $60.000 in the Bagley and Eggers pares partners agree that the fair value of the equipment was $120,000. The entry made by the partnership to record Bagley's investment should be a. Equipment ....220,000 Accumulated Depreciation - Equipment 60,000 Bagley, Capital...... 160,000 b. Equipment Bagley, Capital ..... 160,000 C. Equipment Loss on Purchase of Equipment....... Accumulated Depreciation-Equipment 220,000 Bagley, Capital..... d. Equipment Bagley, Capital... ....160,000 ....120,000 .....40,000 ..........60,000 ....120,000 120.000 partner invests into a partnership a building with an original cost of $360,000 2 accumulated depreciation of $160,000. This building has a $280,000 fair value. result of the investment, the partner's capital account will be credited for