Business, 29.10.2020 16:30 whrjegt4jrnfdvj

The Lexington Partnership has a depreciable business asset (personal property) that it originally purchased for $81,800. The asset now has an adjusted basis of $49,080 and a market value of $98,160. The partnership has no other potential hot assets. Ambroz sells his 25% interest in the partnership. a. How much is Lexington's depreciation recapture potential

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The Lexington Partnership has a depreciable business asset (personal property) that it originally pu...