please anser asap and 4 question
10 Bagley invests personally owned equipment, which originally cost $220,000 and has accumulated depreciation of $60, 000 in the Bagle and Eggers partnership. the equipment was $120,000. The entry made by the partnership to record Bagley's investment should be Both partners agree that the fair value of s 220,000 A) Equipment Accumulated Depreciation-Equipment Bagley, Capital $ 60,000 s 160, 000 s 160, 000 B) Equipment s 160,000 Bagley, Capital s 120, 000 s 40,000 $ 60,000 c) Equipment Loss on Purchase of Equipment Accumulated Depreciation-Equipment Bagley, Capital s 220, 000 D) Equipment 120,000 Bagley, Capital s 120, 000 E) None of the above 11 Partners Gary and Elaine have agreed to share profits and losses in an 80:20 ratio respectively, after Gary is allowed a salary allowance of $30,000 and Elaine is allowed a salary allowance of $15,000. If the partnership had net income of $30,000 for 2017, Elaine's share of the income would be A) $ 15,000 B) 12,000 c) 18,000 D) 3,000 E) None of the above carrying value and $40,000 fair market value. The related mortgage payable of $12,500 is assumed by the partnership. The entry to record the investment in partnership is: partnership a building with a $25,000 12 A partner invests into a s 25,000 s 12,50 s 12,500 A) Building Mortgage Payable Capital $40, 000 s 12, 500 $27,500 B) Building Mortgage Payable Capital $40, 000 s 12,500 s 27,500 c) Capital Mortgage Payable Building $ 25, 000 D) Capital Mortgage Payable Building $ 12,500 s 12,500 E) None of the above 13 Partners R and s receive a salary allowance of $3,000 and $7,00o, respectively, and share the remainder equally. If the company earned $4, 000 during the period, the entry to close the income or loss into their capital accounts is: A) Income Summary s 10,000 R, Capital s, Capital s 3,000 7,000 B) Income Sunmary s, Capital $ 4,000 5 4,000 $ 14,000 R, Capital s, Capital 7,000 7,000 $ R, Capital s, Capital 6,00o s 3,000 s 3,000 E) None of the above