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Chani contributes equipment to a partnership that she purchased 2 years ago for $ 1 0 , 0 0 0 . The current book value

Chani contributes equipment to a partnership that she purchased

2

years ago for $

10, 000 .

The current book value is $

7, 500

and the market value is $

9, 000 .

At what value should the partnership record the equipment?

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