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Yong contributes a machine having an adjusted basis of $ 2 0 , 0 0 0 and an FMV of $ 2 5 , 0
Yong contributes a machine having an adjusted basis of $ and an FMV of $ for a partnership interest. Yong had taken $ of depreciation prior to the contribution. The partnership has no liabilities. As a result of the contribution, Yong must recognize
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