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Question Completion Status: Moving to another question will save this respons Question 9 of 20 > Question 9 5 points Save A ABCD, LP was
Question Completion Status: Moving to another question will save this respons Question 9 of 20 > Question 9 5 points Save A ABCD, LP was formed on August 1, 2019. When the partnership was formed, Abby contributed $10,000 in cash and inventory with a FMV and tax basis of $40.000 Beverly contributed equipment with a FMV of $30,000 and adjusted basis of $25,000 along with accounts receivable with a FM and tax basis of $20.000. Courtney contributed land with a FMV of $50,000 and tax basis of $35.000. Finally, Denise contributed a machine, secured by $35,000 of debt, with a FMV of $15,000 and a tax basis of $10.000 What is the total inside basis of all the assets contributed to ABCD, LP? a $200,000 b. $140,000 c. $175,000 d. $165.000 Question of 20 - Moving to another question will save this response 5 .A O W x P DU C G Search Search
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