Question

Catherine Jones has determined the following information about her own financial. Her checking account is worth $850 and her savings account is worth $1200. She owns her own home that has a market value of $119,000. She has furniture and appliances worth $12,000 and a home computer and laptop with 3,000. She has a car worth 12,500. She recently purchased a mutual fund worth $5,500 and she has a retirement account worth 38,550. What is the value of her real estate assets?

Answer 1

Based on the information given the value of her real estate assets is $119,000.

What is real estate assets?

Real estate assets comprise of tangible assets or intangible assets as it has to do with the following:

• Land

• Building

• Rents etc.

Based on the given scenario the value of her real estate assets will be the amount of $119,000 which represent the market value of her home which is the value at which the asset will be sold in the market.

Inconclusion the value of her real estate assets is $119,000.

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