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Hello can you help me with these homework exercises? 2. A contributes 3100.000 cash to the AB general partnership and B contributes a building with

Hello can you help me with these homework exercises?

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2. A contributes 3100.000 cash to the AB general partnership and B contributes a building with an adjusted basis of $50.000 and a fair market value of $100,000. Unless otherwise stated. apply the trad itiona] method with respect to all contributed property gouemed by F0[c]. {a}. If the building is depreciable, has a tengear recovery period and is depreciated under the straight-line method, how much tax and book depreciation will be allocated to each partner for each year? [c]. if in {a}, above. the building is sold for $100,000 after it has been held [and depreciated} by the partnership for two years. how must the partnership allocate the tax again on the sale? What is the book gain and how must it be allocated? Discuss

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