Liquidate now or later. At the end of 2015, Klaproth finds himself in a difficult situation. He is a partner in a residential construction company, and the housing market has been adversely impacted...

Liquidate now or later. At the end of 2015, Klaproth finds himself in a difficult situation. He is a partner in a residential construction company, and the housing market has been adversely impacted by interest rates, mortgage defaults, and a surplus of existing homes for sale. As a result, Klaproth and certain other partners are considering ceasing operations as of year-end 2015 and liquidating the partnership. Values of liquidated net assets are estimated to be as follows: