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Question 2 Not yet answered Marked out of 1.00 Flag question B and S formed a partnership. B contributed $8,000 cash and a used truck

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Question 2 Not yet answered Marked out of 1.00 Flag question B and S formed a partnership. B contributed $8,000 cash and a used truck that originally cost $35,000 and had accumulated depreciation of $15,000. The truck's fair value was $16,000, S contributed a new Building costing $40,000 has a fair value off $55,000 What is the total capital that would recorded to S partner Select one: a. 55,000 b. 28,000 C. 43,000 d. 24,000

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