Question 16 of 75. At the beginning of 2022 , Francisco owned a 50% interest in a partnership. During the year he contributed equipment with a fair market value of $14,000 to the partnership. At the time, his adjusted basis in the equipment was $10.000. Neither Francisco nor the partnership recognized any gain when the equipment was contributed How does this contribution affect Francisco's outside basis? It decreases by $10,000. It increases by $10,000. It increases by $14,000. It is not impacted by the contribution. Mark for follow up