Currently Being ModeratedNov 10, 2013 10:59 AM (in response to christinap1)
No, the downloads will still be associated with your Apple ID. You should transfer them from your device before removing it from your account. Connect it to iTunes and choose "Transfer Purchases" from File/Devices menu in iTunes.
Currently Being ModeratedNov 10, 2013 11:11 AM (in response to Lawrence Finch)
Thank you for your reply. I do not have the device anymore. It was returned to apple. I had made a back up before i returned it and I transfered all content to my new iphone device which I named with the same name. Now in itunes in the cloud it shows 2 devices with the same name that each one was authorised a different day.
Currently Being ModeratedNov 10, 2013 11:17 AM (in response to christinap1)
unregister the device from your account.