Question

question 1 (multiple choice worth 4 points)
(calculating net worth lc)

the assets and liabilities of a doctor are listed below.

home value	\\$475,732
mortgage	\\$105,678
credit card balance	\\$7,264
owned work equipment	\\$45,798
car value	\\$50,761
investments	\\$75,283
personal loan	\\$32,187

what is the total value of the doctors capital assets?

• \\$45,798
• \\$50,761
• \\$572,291
• \\$647,574

Explanation:

Identify capital assets

Using the Asset Classification knowledge point

$$
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$$

Calculate total value

Using the Asset Classification knowledge point

$$
LATEXBLOCK1
$$

Answer:

• (A) $45,798
• (B) $50,761
• (C) $572,291
• (D) $647,574 (Correct answer)