Rodriguez and Ying start a partnership on July 1, 2019. Rodriguez contributes $4100 cash, furniture with a current market value of $55,000, and computer equipment. The computer equipment originally cost $48,000 in 2017 with recorded accumulated depreciation of $28,000. The current market value of the computer equipment is $17,000. At what value should the computer equipment be recorded in the accounting records of the partnership?
A) $48,000
B) $17,000
C) $20,000
D) $28,000
B) $17,000
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