Sue and Andrew form SA general partnership. Each person receives an equal interest in the newly created partnership. Sue contributes $14,000 of cash and land with a FMV of $59,000. Her basis in the land is $24,000. Andrew contributes equipment with a FMV of $16,000 and a building with a FMV of $37,000. His basis in the equipment is $12,000, and his basis in the building is $24,000. How much gain must the SA general partnership recognize on the transfer of these assets from Sue and Andrew?

I believe this should be $0, but I would like verification that I am understanding the concept correctly.