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5. The balance sheet shows the following information as of Dec. 31: 2020 2019 Building $1,000,000 $1,000,000 Less: Acc Dep 500.000 500,000 Net Building $
5. The balance sheet shows the following information as of Dec. 31: 2020 2019 Building $1,000,000 $1,000,000 Less: Acc Dep 500.000 500,000 Net Building $ 500.000 $ 500,000 You want to use your building as collateral (pledged assets) for a loan. What info would the bank use to determine the amount of the loan granted? L2 Marks) I I 7. The company's working capital is - a) $60,000 b) $66,000 c) $196,000
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