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QUESTION 7 Use the following information to answer the following questions Izabelle and Marta are forming a partnership. Izabelle will invest a piece of equipment

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QUESTION 7 Use the following information to answer the following questions Izabelle and Marta are forming a partnership. Izabelle will invest a piece of equipment with a book value of $7,500 and a fair market value of $20,000. Marta will invest a building with a book value of $40,000 and a fair market value of $58,000. What is the most likely amount that will be recorded to lzabelle's capital account? $20,000 $7,500 $27,500 $12,500

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