Nina owns a vacation home valued at $75,500. She owes $32,126 on her mortgage. How much are the asset and liability values for Nina’s vacation home? assets $ liabilities $ Table of assets and liabilities - first column Asset or liability Other real estate, second column Assets in dollars unknown, third column Liabilities in dollars unknown.
The value of Nina's house is $75,500. However, she owes $32,126 on her mortgage. The asset on her house is $75,500 The liability on her house is $32,156 The net worth of the house is $43,344 (difference between assets and liabilities)
