Patti and Pam are forming a partnership. Patti will invest a piece of equipment with a book value of $6,068 and a fair market value of $11,522. Pam will invest a building with a book value of $39,286 and a fair market value of $75,432 .
At what amount will the building be recorded?
a.$39,286
b.$11,522
c. $6,068
d.$75,432