Duan is a member of the Tonda LLC, and all members have equal interests in capital and profits. The LLC has made an optional adjustment-to-basis election. Duan's interest is sold to Adele for $127,750. The balance sheet of the LLC immediately before the sale shows the following. Basis FMV Cash $146,000 $146,000 Depreciable assets 29,200 365,000 $175,200 $511,000 Duan, capital $43,800 $127,750 Randal, capital 43,800 127,750 Thom, capital 43,800 127,750 Erim, capital 43,800 127,750 $175,200 $511,000 a. How much is the $ 754 adjustment? b. What is the amount of Adele's basis in the acquired interest? c. Which partner receives deductions related to the step-up? The Lexington Partnership has a depreciable business asset (personal property) that it originally purchased for $107,000. The asset now has an adjusted basis of $64,200 and market value of $128,400. The partnership has no other potential hot assets. Ambroz sells his 25% interest in the partnership. a. How much is Lexington's depreciation recapture potential? b. How much ordinary income does Ambroz recognize when he sells this partnership interest