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Donald and Sandy are forming a partnership. Donald will invest a truck with a book value of $10400 and a fair value of $13000.
Donald and Sandy are forming a partnership. Donald will invest a truck with a book value of $10400 and a fair value of $13000. Sandy will invest land and a building with a book value of $30600 and a fair value of $42900 with a mortgage of $14600. At what amount should the building be recorded? O $28300 O $45200 O $30600 O $42900
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