Ryan Fuller, a sole proprietor, entered into partnership with another individual. Fuller’s investment in the partnership included equipment that cost $32,000 when it was purchased. The equipment has a book value of $13,000 and a net agreed-on value of $16,000. In the financial records of the partnership, this equipment and its accumulated depreciation should be recorded at $16,000 and $0, respectively. $13,000 and $0, respectively. $32,000 and $19,000, respectively. $16,000 and $3,000, respectively.