On January 1, 2011, F exchanged proprietorship equipment ($102,000 market value and $84,000 basis) for a 20 percent capital interest in a partnership.The calendar year partnership's 2011 and 2012 tax depreciation deductions for this equipment total $8,400 (10% of contributed basis).How much of the $8,400 should be allocated to F?

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The Answer of On January 1, 2011, F exchanged proprietorship equipment ($102,000 market value and $84,000 basis) for a 20 percent capital interest in a partnership.The calendar year partnership's 2011 and 2012 tax depreciation deductions for this equipment total $8,400 (10% of contributed basis).How much of the $8,400 should be allocated to F?

On January 1, 2011, F Exchanged Proprietorship Equipment ($102,000 Market