If a depreciable asset is transferred to a partnership in a Section 721 basis, what does the partnership do with this asset? a. Use MACRS based on the fmv of the asset transferred b. elect to write off the cost of the asset using the 100% bonus depreciation method c. determine the useful life of the asset and depreciate the asset over this life on a straight-line method d. elect section 179 e. continue the depreciation method and elections of the partner transferring the asset to partnership