let asset=x Asset= 120000+1/3*Asset x= 120000+1/3*x x-1/3*x = 120

asset = liab + equity , Asset = 120000 + 1 third of asset.
what is asset value.

Question Posted / praveen kumar

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Answer Posted / praveen kumar

let asset=x
Asset= 120000+1/3*Asset
x= 120000+1/3*x
x-1/3*x = 120000
2/3*x = 120000
x = 120000*3/2
x = 180000
Asset 180000

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