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Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of $6,100 and a fair market value

Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of $6,100 and a fair market value of $14,600. Kelsey will invest a building with a book value of $47,500 and a fair market value of $75,400. What amount will be recorded to Kelsey's capital account?

a.$6,100

b.$14,600

c.$75,400

d.$47,500

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