Steffi derr and leigh finger form a partnership by combining assets of their separate businesses. derr contributes the following: cash, $1,000; supplies that cost $2,400; inventory that cost $3,500; and machinery that cost $9,900 along with its accumulated depreciation of $5,000. the partners agree that $2,000 is a good estimate of supplies, that inventory has a market value of $3,000, and that machinery is worth $4,000. prepare the partnership’s journal entry to record derr’s investment.

An investment is by definition a capital that you submit to obtain profit ( it depends on type type of parnership and and what type of capital is " the machinery" considerred to be, the period of time that got to that depreciation and how the $2400 difference between Derr's statements and bills and the actual value of the investments ( evaluated by the partner?!) by the begining of the financial reporting date

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"