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A farm has a asset that is currently valued at $6,000 the firm owes $4000 on a loan for this asset. How much equity does
A farm has a asset that is currently valued at $6,000 the firm owes $4000 on a loan for this asset. How much equity does the firm have in this asset?
a.$0
b.-$2000
c.$2000
d.$4000
e.$6000
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Personal Finance
Authors: E Thomas Garman, Raymond E Forgue
10th Edition
143903902X, 9781439039021
