Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of $5,000 and a fair market value of $10,900. Kelsey will invest a building with a book value of $33,

Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of $5,000 and a fair market value of $10,900. Kelsey will invest a building with a book value of $33,300 and a fair market value of $77,900.

1. What amount will be recorded to Sandra's capital account?

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Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of $5,000 and a fair market value of $10,900. Kelsey will invest a buildin…

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