WEEK 5 HOMEWORK.docx - Amanda Sutton WEEK 5 HOMEWORK Chapter 14 48-Denise contributes the following assets to a partnership in exchange for a 25

WEEK 5 HOMEWORK.docx - Amanda Sutton WEEK 5 HOMEWORK...

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Amanda Sutton WEEK 5 HOMEWORK Chapter 14 48-Denise contributes the following assets to a partnership in exchange for a 25% partnership interest:What is Denise’s beginning basis in her partnership interest? 49-What is Patti’s basis in her partnership interest? b-What is Patti’s holding period of her partnership interest? c-What is the basis of the equipment in the hands of the partnership? d-What is the holding period of the equipment in the hands of the partnership? e-How will the partnership depreciate the equipment in the year of contribution? 52- How much income must Barry report from BK Partnership?
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Amanda Sutton WEEK 5 HOMEWORK
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