$1.$ A$,$ B$,$ and C form the equal ABC partnership.$$ Capital accounts are properly maintained.$$ Depreciation is allocated completely to C$,$ and any distributions in liquidation will be made according to the capital accounts of each partner.$$ However, under local law any excess of liabilities over assets at the time of liquidation must be made up equally by each partner.$$ It is true or false that the allocation of depreciation will have economic effect? Explain briefly. $$