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Sagot :
The amount of the loss from the sale of non-cash assets that would have been allocated to Bevell is $45,000.
Data and Calculations:
Allen, Bevell, and Carter Partnership Balance Sheet
Cash $ 25,000 Liabilities $ 175,000
Noncash assets 500,000 Allen, capital 90,000
Bevell, capital 100,000
Carter, capital 160,000
Total $ 525,000 Total $ 525,000
Profit and Loss sharing ratio = 3:2:5
Proceeds from sale of assets = $275,000
Loss from sale of non-cash assets = $225,000 ($500,000 - $275,000)
Thus, the amount of the loss from the sale of non-cash assets that would have been allocated to Bevell is $45,000 ($225,000 x 2/10).
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