Fei and Wei formed the FW Ltd general partnership. Fei contributed a building and land with a
FMV of $building $ and land $ nonrecourse debt of $ and a tax
basis of $building $ and land $ Wei contributed cash of $ for his
share of the partnership.
The building has years remaining in its class life. The book depreciation is $ per year
and the tax depreciation is $ per year.
Calculate each partner's book and tax depreciation using the traditional method found in
Regulation $ for
a Fei Book depreciation $ and Tax depreciation $; Wei Book depreciation $ and
Tax depreciation $
b Fei Book depreciation $ and Tax depreciation $; Wei Book depreciation $ and
Tax depreciation $
c Fei Book depreciation $ and Tax depreciation $; Wei Book depreciation $ and
Tax depreciation $
d none of the above
