Ryan Fuller, a Sole Proprietor, Entered into Partnership with Another

Ryan Fuller, a sole proprietor, entered into partnership with another individual. Fuller's investment in the partnership included equipment that was purchased for $45,000. The equipment has a book value of $22,000 and a net agreed-on value of $27,000. In the financial records of the partnership, this equipment and its accumulated depreciation should be recorded at

A) $22,000 and $0, respectively.
B) $45,000 and $23,000, respectively.
C) $27,000 and $0, respectively.
D) $45,000 and $18,000, respectively.

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