Harvey and Quick have decided to form a partnership. Harvey is going to contribute a depreciable asset to the partnership as his equity contribution to the partnership. The following information regarding the asset to be contributed by Harvey is available:
Historical cost of the asset	$76,000
Accumulated depreciation on the asset	$40,000
Note payable secured by the asset*	$18,000
Agreed-upon market value of the asset	$45,000
 *will be assumed by the partnership 
Based on this information, Harvey's beginning equity balance in the partnership will be:
Question options:
	$76,000
	$36,000
	$18,000
	$27,000