jbdaigle1102
Level 3
12-31-2019
04:27 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Scenario: If a partnership (containing only two partners) where one half is bought out by a new entering partner, takes place and the new partner pays the exiting partner $40K for the share into the business, - how is the $40k expensed or depreciated? This is for the exiting partner's share of equipment and goodwill.
Labels