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Title: The TK Partnership has two assets: $20,000 cash and a machine having a $28,000 basis and a $40,000 ... Post by: Mandarini on Feb 14, 2017 The TK Partnership has two assets: $20,000 cash and a machine having a $28,000 basis and a $40,000 FMV. The partnership has claimed $16,000 in depreciation on the machine since its purchase. If the machine is sold for its FMV, would TK Partnership have an unrealized receivable item?
Title: Re: The TK Partnership has two assets: $20,000 cash and a machine having a $28,000 basis and a ... Post by: Rimoun on Feb 14, 2017 Content hidden
Title: Re: The TK Partnership has two assets: $20,000 cash and a machine having a $28,000 basis and a $40,000 ... Post by: Mandarini on Jul 15, 2017 Thank you!!
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