Answer:
$1,000 loss
Explanation:
The numbers are missing here, so I looked for a similar question:
A copy machine cost $5,000 when new and has accumulated depreciation of $4,000.
The carrying value of the copy machine = purchase cost - accumulated depreciation = $5,000 - $4,000 = $1,000
if the copy machine is discarded and doesn't get any money for it, this will result in a loss equal to the carrying value = $1,000
The legal issue that Susan's father was advising her about is: Caveat emptor.
<h3>What is Caveat emptor?</h3>
Caveat emptor is a Latin words which means let the buyer beware before buying or purchasing a property.
Hence, Susan's father advising her about Caveat emptor which is why he told her facts to obtain a thorough inspection before buying or purchasing the real estate.
Learn more about Caveat emptor here:brainly.com/question/14565508
#SPJ1
Answer:
a. Total liabilities = $280,000
b. Total liabilities = $250,000
Total equity -= $250,000
Explanation:
As we know that
Total assets = Total liabilities + shareholder equity
So in the first case
The amount of the liabilities is
Total liabilities = Total assets - Total equity
= $700,000 - $420,000
= $280,000
And, in the second case, the total assets is $500,000
And, the liabilities and equity amounts are equal to each other
So in this case, the liabilities is $250,000 and the equity is $250,000
I think it’s C if I’m wrong I’m so sorry