Question 2 C and D each contribute $300,000 upon formation of a limited partnership. C is a general partner and D is a limited partner. The partnership purchases a commercial building on leased land for $600,000 and elects straight line cost recovery. Assume that the property has a 10 year recovery period. The CD partnership agreement allocates all items of income and loss equally with the exception of the cost recovery deductions, which are allocated entirely to D. Assume that both partners are unconditionally obligated to restore a deficit to their capital accounts upon a liquidation of the partnership