Mr. a, mr. b, and mr. c formed a calendar-year partnership. profits and losses are to be shared equally. mr. a contributed a building to be used in the business that had an adjusted basis to him of $10,000 and a fair market value of $13,000. the partnership also assumed mr. a’s $6,000 mortgage on the building. mr. b and mr. c each contributed $4,000 in cash to the partnership’s capital. what is the partnership’s basis for determining depreciation on the building? a. $13,000 b. $4,000 c. $10,000 d. $0

C. $10,000

Explanation:

Whenever a new partner joins or any new partnership is formed, then the assets carrying by the partners are valued on the basis of assets take in the partnetship.  

The unique asset where depreciation is aplicable is the building.

So, in the given cash there is Building's assets basis is $ 10,000 .

a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.

so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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