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Which of the following items is not classified as an unrealized receivable? What is the book depreciation for year 1 assuming the partnership uses the
Which of the following items is not classified as an unrealized receivable? What is the book depreciation for year 1 assuming the partnership uses the remedial allocations method under Code Sec. 704(c). Assume also that the partnership uses a 27.5 year life for book.
a)Excess farm loss recapture under Code Sec. 1252
b)Long-term obligations
c) Franchises, trademarks, etc.
d) Depreciation recapture under Code Sec. 1245
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