If a Partner Contributes Depreciable Property to a Partnership in Exchange

question 68

True/False

If a partner contributes depreciable property to a partnership in exchange for a partnership interest,the depreciation recapture potential of the contributed assets does not carry over to the partnership.

---

Definitions:

Elaborative Rehearsal

Association of new information with already stored knowledge and analysis of the new information to make it memorable.

Maintenance Rehearsal

A cognitive process involving the repetition of information to keep it within working memory or to store it in short-term and eventually long-term memory.

Long-term Potentiation

A process involving the strengthening of synapses based on recent patterns of activity, which plays a key role in the formation of memories.

Associating New Items

The cognitive process of linking new information with existing knowledge.