Jaylan and Casper are equal partners in J&C Raccoon Hats. Jaylan contributed $12,000 and Casper contributed Inventory with a FMV of $12,000 and an adjusted basis of $10,000. Which of the following is true? Jaylan's basis in the partnership is $12.000 and Casper's is $10,000 Jaylan and Casper each have a basis in the partnership of $12,000 Question 17 of 75. Nichole owns a 50% interest in partnership J&K. She contributed a computer system with a FMV of $15,000 and an adjusted basis of $10,000 to the partnership. Neither Nichole nor the partnership recognized any gain when the property was contributed. Which of the following is true regarding the partnership's basis in the computer system and Nichole's outside basis? Partnership's basis in computer system - $10,000, Nichole's outside basis increases by $10,000 Partnership's basis in computer system - $10,000, Nichole's outside basis increases by $15.000 Partnership's basis in computer system - $15,000, Nicholo's outside basis increases by $10,000 Partnership's basis in computer system - $15,000, Nichole's outside basis increases by $15,000 Mark for follow up