Daniel acquires a 30 percent interest in the PPZ Partnership from Paolo, an existing partner, for $45,000 of cash. The PPZ Partnership has borrowed $16,000 of recourse liabilities as of the date Daniel bought the interest. What is Daniel's basis in his partnership interest

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i would say iii (3) because in order to compare a price you have to use as a reference other near stores because it's its

hope i explained myself

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