Under Surplus Capital Method, the assets of a company are distributed among its shareholders after the repayment of all outsider liabilities. The following are the steps involved in the piecemeal distribution of assets under this method:

1. Repayment of Outside Liabilities - The first step in this method is to repay all the outsider liabilities of the company, including loans, debts, and other obligations.

2. Creation of Reserve Fund - After the repayment of outsider liabilities, a reserve fund is created to cover any unforeseen expenses or liabilities that may arise during the distribution process.

3. Discharge of Preferential Claims - The next step is to discharge any preferential claims such as taxes, duties, and other statutory dues.

4. Payment of Dividends - Once all the preferential claims have been discharged, the surplus capital is used to pay dividends to the shareholders. The dividend is calculated based on the number of shares held by each shareholder.

5. Distribution of Assets - After the payment of dividends, the remaining surplus capital is distributed among the shareholders in proportion to their shareholding.

6. Closure of Accounts - Finally, the accounts of the company are closed and the company is dissolved.

In conclusion, the Surplus Capital Method is a process of distributing the assets of a company among its shareholders after the repayment of all outsider liabilities. It involves creating a reserve fund, discharging preferential claims, paying dividends, distributing assets, and closing the accounts of the company.