Thompson is contributing delivery vehicles used in his proprietorship into a new partnership. The vehicles had an original cost of $175,000 and $55,000 of depreciation had been recorded on the books of the proprietorship. The vehicles have a fair value of $136,000. The journal entry to record Thompson's admission to the new partnership would include a credit to his capital account for $120,000 and a credit to Gain on Vehicles of $16,000. a credit to his capital account for $120,000. a credit to his capital account for $175,000. a credit to his capital account for $136,000.