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here were going to be looking at admission of a new partner into a partnership and for example were going to be looking at goodwill thats traceable to the new partner and were going to be using the goodwill method here and when using the goodwill method the total capital of the new partnership must approximate that approximately the fair value of the partnership so looking at our example here we have our existing partnership here with partner a and partner B and they have a total capital balance of $150,000 and their profit is allocated 50/50 here fifty percent to a and fifty percent to B now we have partners see who is going to enter this partnership and theyre going to make an investment of twenty thousand dollars to enter the partnership here and theyre going to have an interest capital interest year of twenty percent and a cap profit interest in profits year of twenty percent for making this twenty thousand dollar investment so lets go down here and look at how we make our