This

Determiner

  story

Noun

  may

Auxiliary

  also

Adverb

  be

Auxiliary

  a

Determiner

  later

Adjective

  fabrication

Noun

,  or

Coordinating conjunction

  popular

Adjective

  folklore

Noun

.

This story may also be a later fabrication, or popular folklore.

This story may also be a later fabrication, or popular folklore.