Q6 Please show the details of the answers

6. Rochelle and Sergio are each 50\% partners in the RS partnership. On January 1, 2022, Rochelle contributed Asset 1 with an $80 fair market value and $20 tax basis and Sergio contributed $80 cash. Asset 1 was being depreciated by Rochelle on a straight line basis and had four years of depreciable life remaining. On January 1, 2023, RS sells Asset 1 for $40 (and no depreciation was taken on the asset for 2023). The partnership uses the Traditional Method. a. Calculate Book and Tax depreciation on Asset 1 for 2022 and allocate both Book and Tax depreciation between the partners. b. Calculate Book and Tax gain or loss on the sale of Asset 1 and allocate both Book and Tax gain or loss between the partners