question archive If a business owns a piece of real estate worth $250,000, and they owe $180,000 on a loan for that real estate, what is owners' equity in the property?
If a business owns a piece of real estate worth $250,000, and they owe $180,000 on a loan for that real estate, what is owners' equity in the property?
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If a business owns a piece of real estate worth $250,000, and they owe $180,000 on a loan for that real estate, what is owners' equity in the property?
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Owner's equity = $70,000
Owner's equity = Total assets - Total debt
= Value of real estate - Loan
= $250,000 - $180,000
= $70,000
