David owns a small business with two assets: equipment and inventory. Upon his death, he transfers the business to Eileen. On the date of his death, the basis in the equipment is $10,000 and the basis in the inventory is $15,000. The value of the equipment at that time is $50,000, the value of the inventory is $40,000 and the entire business is valued at $100,000.

How is Eileen’s basis in each of the various assets calculated?