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The Lexington Partnership has a depreciable business asset (personal property) that it originally purchased for $168,600. The asset now has an adjusted basis of $101,160

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The Lexington Partnership has a depreciable business asset (personal property) that it originally purchased for $168,600. The asset now has an adjusted basis of $101,160 and a market value of $202,320. The partnership has no other potential hot assets. Ambroz sells his 25% interest in the partnership. a. How much is Lexington's depreciation recapture potential? \& b. How much ordinary income does Ambroz recognize when he selis this partnership interest? s

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