Current Attempt in Progress

Bramble invests personally owned equipment, which originally cost $$220900$ and has accumulated depreciation of $$59000$ in the

Bramble and Eggers partnership. Both partners agree that the fair value of the equipment was $$121000.$ The entry made by the

partnership to record Bramble's investment should be

Equipment

Loss on Purchase of Equipment

Accumulated Depreciation$-$Equipment

$121000$

Bramble, Capital

Equipment