X, Y, Z are equal partners in the XYZ Partnership and share profits and losses accordingly.

X, Y, Z are equal partners in the XYZ Partnership and share profits and losses accordingly. At the end of 20X1, the partnership's capital accounts reflect the following numbers due to a special allocation of depreciation:

Capital X = $40,000

Capital Y = ($10,000)

Capital Z = ($20,000)

If all the assets are sold for $10,000, which of the following statements is true?

X shares in Y and Z's contribution

X takes Y and Z's entire contribution

Y contributes nothing

T shares in Z's capital contribution