Partnership ABC was formed on Jan 02 20xx. Partner A contributed Cash of $100,000. Partner B contrib

/in /by

Partnership ABC was formed on Jan 02 20xx. Partner A contributed Cash of $100,000. Partner B contributed a Acct Rec, List with a book value of $120,000 and a FMV of $100,000. Partner C contributed a building with a book value of $20,000 and a FMV of $100,000. Which of the accounting partnership procedures work the best? Bonus or Goodwill? And Why?