Ernst and Young form the equal EY partnership.  Ernst contri…

Ernst and Young form the equal EY partnership.  Ernst contributes property (FMV = $150,000, basis = $60,000) and Young contributes $150,000 cash.  The property is depreciated straight line over a 10 year life for both book and tax purposes.  The partnership also has other property (FMV = $100,000, basis = $100,000) that is depreciated straight line over 5 years.  Under Code Sec. 704(c), how much of the tax depreciation of the contributed property in the first year will Young get?  Assuming a curative allocation is made, how much will it be?