Question: J and K form an equal partnership JK . J contributes equipment ( 2 years of 4 years of tax depreciation deductions have been taken

J and K form an equal partnership JK. J contributes equipment (2 years of 4 years of tax depreciation deductions have been taken) with an adjusted basis of 100 and FMV of 200. K contributes cash of 200. Assume the equipment will be depreciated to 02 years after the contribution (assume the traditional method).
What are the tax implications of each years depreciation deduction?

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