frank greta and helen each have a one third interest in the fgh partnership on december 31 2013 the par/
The partnership placed Asset 1 (seven-year property) in service in 2011 and Asset 2 (five year property) in service in 2012. The partnership did not elect Sec. 179 expensing and elected out of bonus depreciation in both years. Accordingly, it computed the assets’ adjusted bases at December 31, 2013 as follows:
