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kevin and Ken began a business together as equal partners. Kevin contributed equipment with a fair market of $ 1 0 , 0 0 0
kevin and Ken began a business together as equal partners. Kevin contributed equipment with a fair market of $ and adjusted basis of $ and Ken contributed $ in cash. they used the straightline method over five years and the annual depreciation bring $ on their book
for the purpose of this question disregard any first year convention. how much tax depreciation will kevin and ken receive for the year and how much excesss book depreciation?
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