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Citrus2011 [14]
3 years ago
10

A homeowner has $80,000 of principal left to pay on her mortgage. Her home has just been appraised at $156,000, which is $13,000

more than what she purchased it for. How much equity does she have in her home?
Business
1 answer:
abruzzese [7]3 years ago
7 0

Answer:

$76,000

Explanation:

Data provided in the question:

Principal amount left to pay on mortgage = $80,000

Appraised value of the home = $156,000

Now,

The equity she is having in her home in her home will be

= Appraised value of the home - Principal amount left to pay on mortgage

or

The equity she is having in her home in her home = $156,000 - $80,000

or

The equity she is having in her home in her home = $76,000

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Leto [7]

Answer:

$14,832

Explanation:

Depreciation charge = 2 x SLDP x BVSLDP

where,

SLDP = 100 ÷ useful life = 20 %

and

BVSLDP = Cost or Net Book Value

therefore,

1st year

Depreciation charge = 2 x 20 % x $61,800 = $24,720

2nd year

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conclusion

the amount of depreciation for the second full year is  $14,832

8 0
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mr Goodwill [35]

Answer:

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Explanation:

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Travka [436]

Answer:

e. air-travel and weed killer

Explanation:

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Answer:

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Explanation:

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3 years ago
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6 0
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