Statements concerning the maximum possible loss

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Piona bought a house on acre of land and paid the seller $164,000. The house has a garage, and Piona parks her Subaru sedan in the garage. The Subaru has a market vlue $7,000. Piona's husband jeeps his collectibles at the house, and the collectibles are worth $5,500. Which of following statements concerning the maximum possible loss for Piona at her house is correct? And write the explanation of the answer.

Reference no: EM131846422

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