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Chantelle, a small business owner, notes her business has an accounts payable balance of $1,500, a cash balance of $2,400, equipment with a net book
Chantelle, a small business owner, notes her business has an accounts payable balance of $1,500, a cash balance of $2,400, equipment with a net book value of $6,300, a vehicle with a net book value of $5,800, and a bank loan balance of $9,500. What is the book value of Chantelle's equity?
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