Business, 08.04.2020 01:53, Bekks

Carlos opens a dry cleaning store during the year. He invests $30,000 of his own money and borrows $60,000 from a local bank. He uses $40,000 of the loan to buy a building and the remaining $20,000 for equipment. During the first year, the store has a loss of $24,000. how much the loss deduct if the loan from bank nonrecourse? how much does carlos have at risk at the end of the year?

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Carlos opens a dry cleaning store during the year. He invests $30,000 of his own money and borrows $...