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Kevan, Jerry, and Dave formed Albee LLC . Jerry and Dave each contributed $ 2 4 5 , 0 0 0 in cash. Kevan contributed

Kevan, Jerry, and Dave formed Albee LLC. Jerry and Dave each contributed $245,000 in cash. Kevan contributed the following assets:
\table[[,Basis,\table[[Fair Market],[Value]]],[Kevan:,,],[Cash,$15,000,$15,000
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