Answer:
Loss on disposal = $2232
Explanation:
To calculate the amount of gain or loss on sale, we must first calculate the net book value or NBV of the asset. The net book value is the difference between the cost of the asset and the accumulated depreciation. The formula for NBV is as follows,
NBV = Cost - Accumulated depreciation
NBV = 223162 - 200846
NBV = 22316
If the sales proceeds are more than the NBV of the asset, the asset is sold on gain and vice versa.
Loss on disposal = 20084 - 22316 = - $2232 or$2232 loss
Answer:
Create an agency relationship.
Explanation:
Listing agreements: It is an agreement between the broker of real estate and the owner of real estate property which develops the agency relationship so that the agreement would be legally binding to each other.
Plus in this agreement, the broker has is to act as the agent of the owner property. In return to this, the broker gets the commission from the owner.
Answer:
<em>The big goal of real estate investing is to increase your cash, otherwise known as building capital. </em>
