Which of the following statements is not correct?

a. The basis of an asset that is purchased must be adjusted for depreciation allowable.

b. The general rule for the basis of property acquired by gift is a carryover of basis from the donor.

c. If an asset is acquired by gift and the FMV on the date of gift is lower than the donors carryover basis, the recipients basis cannot be determined until the asset is disposed of.

d. The basis of property acquired from a decedent is always the FMV on the date of death.