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A partnership has dissolved.

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Level 1

It was based on intellectual property/other current asset. I have decreased the capital account by allocation A for the liability side on schedule L but now as the asset is concerned and handled do I just enter 0 or do I need deplete that in a different way?  If so how?

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Level 15

What happened to the intellectual property when the partnership dissolved? Who owns it now?


ex-AllStar

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Level 15

What happened to the intellectual property when the partnership dissolved? Who owns it now?


ex-AllStar

View solution in original post

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Level 1
Nobody the patent ran out.
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