X, a cash basis partnership, has the following balance sheet items before any of the following transactions are entered into.

Assets

Basis FMV

Cash ........................................................................................................................ $200,000 $200,000

Inventory ................................................................................................................. 100,000 100,000

Equipment ............................................................................................................. 400,000 750,000

Accumulated depreciation ........................................................................... (200,000) (200,000)

Total Assets ......................................................................................................... $500,000 $850,000

Liabilities and Capital

Recourse debt ........................................................................................................................ $400,000 $400,000

Nonrecourse debt ................................................................................................................. 20,000 20,000

Partner A, capital ..................................................................................................................... 8,000 43,000

Partner B, capital .................................................................................................................... 8,000 43,000

Partner C, capital ..................................................................................................................... 16,000 86,000

Partner D, capital ..................................................................................................................... 48,000 258,000

Total ................................................................................................................................... $500,000 $850,000

Partners C and D are general partners, and partners A and B are limited partners. Profits and losses are allocated 10% each to A and B, 20% to C, and 60% to D. Partnership X has a 754 election in effect. Assume that inside and outside bases are equal for all partners.

Compute the following, show your work.

a. Partner A's basis

b. Partner B's basis

c. Partner C's basis

d. Partner D's basis