AB Corporation and YZ Corporation formed a partnership to construct a shopping mall. AB contributed $576,000 cash, and YZ contributed land ($576,000 FMV and $506,000 basis) in exchange for a 50 percent interest in ABYZ Partnership. Immediately after its formation, ABYZ borrowed $288,000 from a local bank. The debt is recourse (unsecured by any specific partnership asset). Compute each partner’s initial basis in its partnership interest, assuming that both AB and YZ are general partners. Compute each partner’s initial basis in its partnership interest, assuming that AB is a general partner, and YZ is a limited partner.

Ithink it should be increased.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.