en invests personally owned equipment, which originally cost $31000 and has accumulated depreciation of $6800, in the Karen and Amy partnership Both partners agree that the fair value of the equipment was $25000. The entry made by the partnership to record Karen's Investment should be Equipment 5. Karen Capital 24200 24200 25000 Equipment S.Karen Capital 25000 31000 Equipment Accumulated Depreciation- Equipment 5. Karen Capital 6800 24200 25000 6800 Equipment Accumulated Depreciation Equipment Gain on Purchase of Equipment 5. Karen Capital 800 31000