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true or false: Ann formed Acme Corporation in Year 1 and has been the sole shareholder of Acme since Year 1 . In Year 3

true or false: Ann formed Acme Corporation in Year 1 and has been the sole shareholder of Acme since Year 1. In Year 3, Ann transfers a building to Acme in exchange for additional shares of stock. For purposes of computing the depreciation on the building, Acme continues to depreciate the carryover basis portion of the building using Anns depreciation schedule.

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