The VRX Partnership (a calendar year-end entity)has the following assets and no liabilities:
The equipment was purchased for $360,000 and VRX has taken $90,000 of depreciation. The stock was purchased seven years ago. What are VRX's hot assets for purposes of a sale of partnership interest?

Question

The VRX Partnership (a calendar year-end entity)has the following assets and no liabilities:
  The equipment was purchased for $360,000 and VRX has taken $90,000 of depreciation. The stock was purchased seven years ago. What are VRX's hot assets for purposes of a sale of partnership interest?

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The Answer of The VRX Partnership (a calendar year-end entity)has the following assets and no liabilities:
  The equipment was purchased for $360,000 and VRX has taken $90,000 of depreciation. The stock was purchased seven years ago. What are VRX's hot assets for purposes of a sale of partnership interest?

The VRX Partnership (A Calendar Year-End Entity)has the Following Assets