Mary receives a proportionate current (nonliquidating) distribution from the XYZ Partnership. The distribution consists of $5,000 cash and property (adjusted basis to the partnership of $54,000 and fair market value of $60,000). Immediately before the distribution, Marys adjusted basis in the partnership interest was $2,000. Her basis in the noncash property received is:

a) 0

b) $40000

c) $50000

d) $54000

e) None of the above