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    disgurlchi's Avatar
    disgurlchi Posts: 1, Reputation: 1
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    #1

    Oct 10, 2011, 09:21 PM
    Accounting help?
    Nan contributes property with an adjusted basis of $75,000 to a partnership. The property has a fair market value of $120,000 on the date of the contribution. What is the partnership's basis in the property contributed by Nan?
    Lyna6191's Avatar
    Lyna6191 Posts: 2, Reputation: 1
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    #2

    Nov 5, 2011, 07:36 AM
    The property will cost,45,000
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