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tom and betty agree to form a partnership. tom contributed $ 5 0 , 0 0 0 in cash and a truck with historical cost

tom and betty agree to form a partnership. tom contributed $50,000 in cash and a truck with historical cost of $10,000 and a fmv of $5,000. the depreciated basis of the truck is $3,000. betty contributes 55,000 in cash to the partnership. betty also contributes a note recievable from a bank transaction that has a fmv of 5000 and an original note balance of 10000. which of the following sets of values represents the beginning captial accounts for toms and bettys respective contributions to the partnership

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