Partner A contributes the following assets to a partnership in exchange for a one forth interest in AMCJ partnership: Adjusted Basis $25,000 Inventory 5,000 Based on the above information, answer the following questions. 5. A's adjusted basis in her partnership interest is $0 $60,000 C. $30,000 a. b. d. 25,000 6.___ $20,000 b. $5,000 $15,000 a. C. d. $0 7._____ a. b. Asset Land C. d. AMCJ's basis in the inventory is: Fair Market Value $40,000 20,000 A's holding period of her partnership interest at the date of the transfer is: all carryover date of transfer 1/2 carryover, 1/2 date of transfer 2/3 carryover, 1/3 date of transfer