Question

A partner invests into a partnership a building with an original cost of RM360,000 and accumulated depreciation of RM160,000. This building has a RM280,000 fair value. As a result of the investment, the partner’s capital account will be credited for

a. RM200,000.
b. RM480,000.
c. RM280,000.
d. RM360,000.

Answer 1

Answer:

A partner invests into a partnership a building with an original cost of RM360,000 and accumulated depreciation of RM160,000. This building has a RM280,000 fair value. As a result of the investment, the partner’s capital account will be credited for

a. RM200,000.

b. RM480,000.

c. RM280,000.

d. RM360,000.

B) is correct answer.

HOPE IT'S HELP YOU✌️