1. In his business, Deep has equity of $54,000 and liabilities of $16,000. Hence, his assets must be worth $ h $10,000. 2. In her first month of business, Sheila transferred in a car worth $11,000, equipment worth $6,500, and $18,000 cash. She took a bank loan to finance additional assets. Sheila's assets total up to a net book value of $44,700. Sheila's bank loan was for $70,50.69 3. Along with an accounts payable balance of $2,500 and bank loan of $13,000, Jamal has four assets in his business: a car which was purchased for $18,000 and has an accumulated depreciation balance of $4,500 a truck which was purchased for $23,000 and has an accumulated depreciation balance of $6,000 accounts receivable balance of $3,000 cash balance of $6,700 Jamal's equity is $

1. In his business, Deep has equity of $54,000 and liabilities of $16,000. Hence, his assets must be worth 70,000 2. In her first month of business, Sheila transferred in a car worth $11,000, equipment worth $6,500, and $18,000 cash. She took a bank loan to finance additional assets. Sheila's assets total up to a net book value of $44,700. Sheily's bankloan was for $70,500 3. Along with an accounts payable balance of $2,500 and bank loan of $13,000, Jamat has four assets in his business: - a car which was purchased for $18,000 and has an accumulated depreciation balance of $4,500 - a truck which was purchased for $23,000 and has an accumulated depreciation balance of $6,000 - accounts receivable balance of $3,000 - cash balance of $6,700