When a partnership is formed, one or more of the partners may contribute equipment as part of

Question:

When a is formed, one or more of the partners may contribute equipment as part of their initial investment. How is the amount of accumulated depreciation to be recorded on this equipment determined?
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...