If objective evidence supports the write-down of existing assets, the previous partners' capital balances would be reduced accordingly in proportion to

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According to the partnership agreement, the partners' capital balances are determined based on their capital investment and profit and loss ratios. Therefore, if objective evidence supports the write-down of existing assets, the partners' capital balances would be reduced in proportion to their profit and loss ratios. This ensures that each partner bears the impact of the asset write-down based on their respective contribution to the partnership's profit and loss.

If Objective Evidence Supports the Write-Down of Existing Assets, the Previous