Author Question: Partnership property may consist of: A) real property only. B) personal property only. C)any and all ... (Read 256 times)

RYAN BANYAN · **on:** Jun 24, 2018

Partnership property may consist of:
A) real property only.
B) personal property only.
C)any and all property acquired by the partnership.
D)all property contributed by the partners or acquired for the firm or with its funds.

Question 2

Residential property purchased after 1986:
A)Is depreciated over a 15-year period.
B)Is depreciated over a 19-year period.
C)Is depreciated over a 27.5-year period.
D)None of the above