Question: When depreciable property is contributed, the property s _ _ _ _ _ _ _ _ _ _ , depreciation _ _ _ _ _

When depreciable property is contributed, the property

__________,

depreciation

_____________,

and

__________________________

carry over to the partnership. When equitable allocations are made to the partners for depreciation, depreciation recapture, and the eventual gain, the precontribution gain is taken into account.

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