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Author Question: Partnership property may consist of: A) real property only. B) personal property only. C)any and all ... (Read 169 times)

RYAN BANYAN

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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



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amy.lauersdorf90

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Answer to Question 1

D

Answer to Question 2

C




RYAN BANYAN

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  • Posts: 563
Reply 2 on: Jun 24, 2018
Excellent


covalentbond

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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