MAGIC and KAREEM formed a partnership and agreed to divide initial capital equally, even though Anton contributed P 100,000 and KAREEM contributed P 84,000 inidentifiable assets. Under the bonus method, to adjust the capital accounts, KAREEM's intangible assets should be debited for:

My answer:

Therefore, Kareem's identifiable assets are still debited for 84,000 pesos becauseunder the bonus method...