Don and Key form a partnership. Don contributes into the partnership a personal computer that he has used at home in nonbusiness related activities. Don had paid $10,000 for the computer 2 years ago. The current market value of the computer is $9,000. The partners, after reviewing IRS rules, assigned the computer a useful life of 5 years. For financial reporting purposes, at what amount should the computer be recorded in the partnership ledger? $10,000 $9,000 $7, 500 $6,000 Ace & Barnes partnership has income of $110,000 and Partner A is to be allocated a bonus of 10% of income after the bonus, Partner A's bonus would be $11,000 $10,000 $9, 091 S9,000 Partner A first contributed $20,000 of capital into an existing partnership on February 1, 20X1.On June 1, 20X1, the partner contributed another $20,000. On September 1, 20X1, the partner withdrew $15,000 from the partnership. Withdrawals in excess of $5,000 are charged to the partner's capital account. The partnership's fiscal year end is December 31. The annual weighted-average capital balance is $25,000 $26, 667 $28, 334 $30,000 Partner Alta had a capital balance on January 1, 20 of $45,000 and made additional capital contributions during 20X5 totaling $50,000. During the year 20X5, Alta withdrew $8,000 per month. Alta's post-closing capital balance on December 31, 2017 is $30,000. Alta's share of 2017 partnership income is $96,000 $50,000 $31,000 $8,000