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Julio is a 30 percent partner in the JD Partnership. The partners agreed that extra depreciation of $10,000 will be allocated to Julio in 2023

Julio is a 30 percent partner in the JD Partnership. The partners agreed that "extra" depreciation of $10,000 will be allocated to Julio in 2023 and $10,000 "less" depreciation will be allocated to Julio in 2025. This fails the substantiality requirement because this allocation is "transitory." True or false? Explain.

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