The total assets of the company at the end of the year is $282,000
<h3>What is a total asset?</h3>
When all assets and liabilities are taken into account, a person's total assets indicate the value of all they own. Anything that a person or business owns, like a car or stock, is considered to be an asset. An asset is bought by people or businesses because they believe its value will rise in the future.
<h3>What is the formula for total assets?</h3>
Liabilities x Owner's Equity = Total Assets
Due to the fact that the company must employ debt (liabilities) and capital to purchase whatever it possesses, the equation must be balanced (Owner or stockholders equity).
<h3>What is total assets and how is it calculated?</h3>
By adding your obligations and equity, you may calculate your total assets. The simplest way to get total assets using this technique is to deduct the value of liabilities from the value of equity or assets because liabilities have a negative value.
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