Business, 01.08.2019 02:30, shainaanderson24

Ben and sam jenkins formed a partnership. ben contributed $8,000 cash and a used truck that originally cost $35,000 and had accumulated depreciation of $15,000. the truck’s fair value was $16,000. sam, a builder, contributed a new storage garage. his cost of construction was $40,000. the garage has a fair value of $55,000. what is the combined total capital that would be recorded on the partnership books for the two partners?

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Ben and sam jenkins formed a partnership. ben contributed $8,000 cash and a used truck that original...