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If depreciable property contributed to a partnership has a $0 tax basis but a fair market value (book amount) in excess of $0. the partnership

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If depreciable property contributed to a partnership has a $0 tax basis but a fair market value (book amount) in excess of $0. the partnership is prevented from calcfiting book depreciation the partnership must expense the book value of the property in the year of contribution the partnership may use any reasonable method to depreciate the book basis of the property but may not expense it outright. none of the above

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