Selling Plant & Equipment

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(Newbie)Newbie

15 Nov 2023

Hello, could you please advise on the sale of plant and equipment. Items were sold post franchisee agreement expiry and closure of business. Plant and equipment sold had been written down over 5yrs, to clear business loan on equipment. Net proceeds of sale left >20% residual amount of loan. Only some (75%) of plant equipment of schedule have been sold. How is this calculated against a Partnership business? Thanks in advance

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