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Robert is investing in a partnership with Bud. Robert contributes equipment that originally cost $95,000, has a book value of $20,000, and a fair market

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Robert is investing in a partnership with Bud. Robert contributes equipment that originally cost $95,000, has a book value of $20,000, and a fair market value of $25.000. The entry that the partnership makes to record Robert's initial contribution includes 10 " Debit to Equipment for $25.000 Credit to Accumulated Depreciation for $75.000 Debit to Equipment for $75,000 Debit to Equipment for $95,000

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