Micah and Ariana formed an equal partnership on June 1 of the current year. Micah contributed $10,000 cash and land with a basis of $6,000 and a fair market value of $15,000. Ariana contributed equipment with a basis of $30,000 and a value of $25,000. Micah's tax basis in his interest is $16,000; Ariana's tax basis is also $25,000