Respuesta :
Contributed assets and assumed liabilities are initially recorded at their fair value based on the valuations made at the time the company was formed.
When a partner invests non-cash assets in a partnership, the assets are recorded at the partner's book value.If nothing is indicated,the income of the partnership is divided in proportion to the principal balance of the individual partner.A partner who contributes appreciated assets to a partnership must consider more than the property will be valued for purposes of crediting his capital account and determining his share of the partnership's earnings.For a contribution of property in exchange for a partnership interest that does not involve any gain recognition by the contributing partner,the partnership takes a basis in the contributed property equal to the contributing partner's basis in the property,and the contributing partner takes one base.
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