A and B form the equal AB partnership. A contributes property (FMV = $100,000, basis = $30,000) and B contributes $100,000 cash. The property has three years remaining on its 10 year life. The partnership uses the remedial allocations method to eliminate ceiling rule disparities. Under Code Sec. 704(c), how much of tax depreciation with respect to the contributed property in the first year will be allocated to B? Assuming a remedial allocation is made, how much will it be? What will be its character?