(b) The requirement is to determine the correct statement
regarding a partnership’s election of a depreciation method.
The method used to depreciate partnership property is an election
made by the partnership and may be any method approved
by the IRS. The partnership is not restricted to using the same
method as used by its “principal partner.” Since the election is
made at the partnership level, and not by each individual partner,
partners are bound by whatever depreciation method that the
partnership elects to use.