Business, 06.12.2020 04:00 dylancasebere

The following data relate to a warehouse Rob purchased eight year ago. - Rob wants to sell the warehouse for at least $750,000 in the future. The sale will finance the purchase of other buildings in the future.

- Rob purchased a warehouse for $375,000 eight years ago.

- Warehouse sales data in the local area suggest that during the past year, the average selling price for a comparable warehouse was $550,000

- Rob has long-term debt of $600,000, of which $193,000 relates to the purchase of the warehouse.

What is the FAIR VALUE of the warehouse?

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The following data relate to a warehouse Rob purchased eight year ago. - Rob wants to sell the ware...

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