{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

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

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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)
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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)...
View Full Document

{[ snackBarMessage ]}