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How much is the amount of asset revaluation

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Question - Bianca, Mariel and Toni are partners with capital balances of P100,000, P140,000, and P180,000, respectively. They share profits and losses in the ratio of 10:15:20. Toni decides to withdraw from the partnership receiving P240,000 including a loan a loan to the partnership in the amount of P15,500. Using asset revaluation method, how much is the amount of asset revaluation?

Reference no: EM133183845

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