Question 16 of 75. Jordan contributed $15,000 for a 50% interest in a food truck. She...
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Question 16 of 75. Jordan contributed $15,000 for a 50% interest in a food truck. She also contributed a computerized display board with a fair market value of $1,300 and an adjusted basis of $1,100. During the year, the business earned a profit of $20,000. What is Jordan's partnership basis in this business at the end of the year? $15,000 $26,100 $26,300 $30,000 Question 16 of 75. Jordan contributed $15,000 for a 50% interest in a food truck. She also contributed a computerized display board with a fair market value of $1,300 and an adjusted basis of $1,100. During the year, the business earned a profit of $20,000. What is Jordan's partnership basis in this business at the end of the year? $15,000 $26,100 $26,300 $30,000
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