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A, B, and C are partners sharing profits in the ratio of 2:1:2, respectively. On December 31, 2030, C decided to withdraw from the partnership. Their capital balances on this date were as follows:
A, Capital ? 80,000 B, Capital 92,000 C, Capital 164,000
Required:
Record the withdrawal of C under each of the following independent assumptions.
Problem 1: Record any gain or loss on disposal of the equipment directly to the partners' capital accounts.
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