$8.$Daisy Tree Partnership owns and operates two apartment complexes in the metropolitan area. The first complex was contributed to the partnership by partner L$.$ The other two partners $($M and N$)$ contributed cash which, together with borrowed funds, was used to purchase the second complex. The three partners share partnership income, loss, gain and deduction equally. The tax basis and book value of the partnerships assets at the end of the current year are as follows:TaxBookCash and equivalents$$60,000$$$60,000$Receivables$045,000$Apartment Complex $1600,0001,500,000$Accumulated depreciation, complex $1(120,000)(300,000)$Apartment Complex $22,475,0002,475,000$Accumulated depreciation, complex $2(180,000)(180,000)$Land and other assets$200,000200,000$Total assets$$2,035,000$$$4,070,000$ Assume that the partnership uses the traditional method with curative allocations to make allocations under Code Sec. $704($c$).$ Further assume that complex $1$ has a remaining useful life of $8$ years for book and tax. Complex $2$ has a remaining useful life of $25\mathrm{.}5$ years. Both are depreciated using the straight line method for both book and tax, and each asset has already had $2$ years of depreciation taken.. Show how book and tax depreciation will be allocated among the partners.