Use the following information to answer the following questions. Izabelle and Marta are forming a partnership. Izabelle will invest a piece of equipment with a book value of $5,000 and a fair market value of $15,000. Marta will invest a building with a book value of $30,000 and a fair market value of $35,000. At what amount will the building be recorded?
A) $20,000
B) $25,000
C) $30,000
D) $35,000
D
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