The total asset is $4750
The worth of the car is valued at the worth of has $4000 and you he have a baseball card collection valued at $750.
The capital is also know as the equity which means the net worth.
Liabilities are everything a business owes, now and in the future.
Assets are everything a business owns. Assets may be current or fixed assets
Therefore,
Total Assets - Total Liabilities = Capital
Where
Base ball card collection = $750
Total assets = ?
Capital = $4000
Hence,
Total Assets = $4000 + $750
Total Assets = $4750
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