Select the partner(s) who will compensate the decreased partner for the share of goodwill at the time of death.

The correct option is Gaining Partner(s).

Step-by-step Explanation:

1. Understanding the Scenario:
When a partner dies or retires from a partnership firm, their share of the future profits of the firm is relinquished. This share is acquired by the surviving or remaining partners in the firm.

2. Concept of Goodwill:
Goodwill represents the reputation and future earning capacity of the firm built by all partners up to that point. Since the deceased partner contributed to building this goodwill, their estate is entitled to receive a share of the goodwill valuation at the time of death.

3. Compensation Mechanism:
The remaining partners who gain a portion of the deceased partner's profit share are called the "gaining partners". Since they will receive a higher share of future profits because of the deceased partner's departure, they must compensate the deceased partner (the retiring/sacrificing partner) for their share of goodwill. This compensation is paid in their gaining ratio.

4. Conclusion:
Therefore, only the partner(s) who actually gain from the exit of the deceased partner (the Gaining Partner(s)) will compensate the deceased partner for the share of goodwill.