Stacey, a cash basis taxpayer, Incorporated her CPA practice. No liabilities were transferred. The following assets were transferred to the Corp :

Cash (checking account). $ 500

Computer equipment:

Adjusted basis. 30,000

FMV. 34,000

Original cost. 40,000

Immediately after transfer, Stacey owned 100% of Corps stock. What is corps total basis for the transferred assets?

$30,000. $30,500. $34,500. Or. $40,500