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Byrd and Katt formed a partnership and agreed to divide initial capital equally, even though...

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Accounting

Byrd and Katt formed a partnership and agreed to divide initial capital equally, even though Byrd contributed $200,000 and Katt contributed $168,000 in identifiable assets. Under the bonus approach to adjust the capital accounts, Katt's unidentifiable asset should be debited for

A.) $92,000

B.) $32,000

C.)$16,000

D.)$0

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