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M
Melanie
Level 2
December 7, 2019
Solved

A partnership has dissolved.

  • December 7, 2019
  • 1 reply
  • 1 view

It was based on intellectual property/other current asset. I have decreased the capital account by allocation A for the liability side on schedule L but now as the asset is concerned and handled do I just enter 0 or do I need deplete that in a different way?  If so how?

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Best answer by sjrcpa

What happened to the intellectual property when the partnership dissolved? Who owns it now?

1 reply

sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

What happened to the intellectual property when the partnership dissolved? Who owns it now?

The more I know the more I don’t know.
M
MelanieAuthor
Level 2
December 7, 2019
Nobody the patent ran out.
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