Kay joins LWL Partnership as a general partner. She contributes $30,000 cash as well as a year-old computer system with a fair market value (FMV) of $16,000 and an adjusted basis of $12,800. She also allows the partnership to use her five-year-old pickup truck for a $150 nominal monthly fee. Kay purchased the truck for $15,000, her adjusted basis, and has a current FMV of $8,000. She bought it for personal use and no longer uses it to any great degree. What is Kay's basis in LWL Partnership?

a) $54,000 b) $42,800 c) $46,000 d) $57,800