[True or False] L. Hill, a sole trader, invests the following assets in a new partnership: $15,000 in cash, and equipment that cost $30,000 but has a carrying value of $22,000 and a current market...

[True or False]L. Hill, a sole trader, invests the following assets in a new partnership: $15,000 in cash, and equipment that cost $30,000 but has a carrying value of $22,000 and a current market value of $20,000. Hill's Capital will be credited with $37,000.