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How much is the remaining partnerships net assets

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Problem - TD decided to withdraw from his partnership with SM and MR. before his withdrawal, TD's capital balances was P101,500, while SM's was P112,000 and MR's was P134,750. Also, the partnership's total assets amounted to P787,500, but the partners agreed that a fixed asset was under depreciated by P26, 250. TD, SM and MR share profits and losses in the ratio of 2:4:4, respectively. If TD was paid P93,100 upon his retirement, how much is the remaining partnerships net assets after TD's withdrawal?

Reference no: EM132939624

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