9-4-07 Orrisch2

9-4-07 Orrisch2 - $(9,698) $(9,698) $(19,396) Distribution...

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Orrisch Allocations per the agreement Orrisch Crisafis Total Capital contribution $26,500 $12,500 $39,000 Loss (before depreciation) $(492) $(492) $(984) Depreciation $(18,412) $- $(18,412) Basis at book value $7,596 $12,008 $19,604 Equal Allocation at liquidation,per the court* Original capital $26,500 $12,500 $39,000 Loss ($984 + $18,412 = $19,396)
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Unformatted text preview: $(9,698) $(9,698) $(19,396) Distribution at liquidation $16,802 $2,802 $19,604 $9,206 $(9,206) $- Net gain (loss) $(9,206) $(9,206) $(18,412) What result if liquidated as follows? $7,596 $12,008 $19,604 *Assuming assets sold for BV Gain (loss) at liquidation ( basis - Liq. Dist)...
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This note was uploaded on 03/18/2008 for the course ACIS 5324 taught by Professor Weseago during the Fall '07 term at Virginia Tech.

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