One reason annual overhead application rates are used is Select one: a. to minimize the overhead cost assigned to products. b. to maximize the overhead cost assigned to products. c. because of seasonal variability of overhead costs. d. to help budget overhead costs.

Barbara receives a current distribution consisting of $2,000 cash plus other property with an adjusted basis to the partnership of $2,300 and a fair market value on the date of the distribution of $7,000. barbara has a 10 percent interest in the partnership and her basis in her partnership interest, immediately prior to the distribution, is $5,000. what is barbara's basis in the noncash property received in the current distribution?