Fei and Wei formed the FW Ltd$.$ general partnership. Fei contributed a building and land with a

FMV of $$130,000($building $$100,000$ and land $$30,000),$ nonrecourse debt of $$60,000,$ and a tax

basis of $$75,000($building $$60,000$ and land $$15,000).$ Wei contributed cash of $$30,000$ for his

$30\%$ share of the partnership.

The building has $10$ years remaining in its class life. The book depreciation is $$10,000$ per year

and the tax depreciation is $$6,000$ per year.

Calculate each partner's book and tax depreciation using the traditional method found in

Regulation $$1\mathrm{.}704-3(b)$ for $2022.$

a$.$ Fei Book depreciation $$7,000$ and Tax depreciation $$4,200$; Wei Book depreciation $$3,000$ and

Tax depreciation $$1,800$

b$.$ Fei Book depreciation $$7,000$ and Tax depreciation $$3,000$; Wei Book depreciation $$3,000$ and

Tax depreciation $$3,000$

c$.$ Fei Book depreciation $$7,000$ and Tax depreciation $$6,000$; Wei Book depreciation $$3,000$ and

Tax depreciation $$0$

d$.$ none of the above