Terry transfers two assets to a partnership on the day it??screated for a 60% partnership interest worth $120,000. Shecontributed cash = $80,000 and equipment worth

Terry transfers two assets to a partnership on the day itâ??screated for a 60% partnership interest worth $120,000. Shecontributed cash = $80,000 and equipment worth $40,000 with anadjusted basis = 2 answers