Business, 29.11.2019 02:31, live4dramaoy0yf9

Henry jones contributed equipment, inventory, and $44,000 cash to a partnership. the equipment had a book value of $35,000 and a market value of $28,000. the inventory has a book value of $25,000, but only had a market value of $12,000 due to obsolescence. the partnership also assumed a $15,000 note payable owed by henry that was originally used to purchase the equipment. what amount should henry's capital account be recorded? a. $69,000b. $104,000c. $84,000d. $89,000

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Henry jones contributed equipment, inventory, and $44,000 cash to a partnership. the equipment had a...