Write a research paper on Unicorn and Zebra form the UZ Co., a partnership. Unicorn contributes inventory with fair market value of $650,000 and an adjusted basis of $200,000 and cash of 350,000 for a 50% interest in the partnership. Zebra contributes computers, hardware, and proprietary software with a fair market value of $1,000,000 and a tax basis of $300,000 for a 50% interest in the partnership. The computer hardware, which was purchased from IBM on credit, is subject to an equipment loan of $300,000. Please discuss the tax impact to: 1.Unicorn, 2.Zebra, and 3.UZ Co. Your assignment should be a paper 3 pages long, not including the required title and reference pages. Adhere to the CSU Global Writing Center APA 7 standards (template attached). I
