Accounting question
Done it.
The solicitor was deducting the value of the car and then adding in half
it's value before apportionment rather than apportionment after adding the
car value.
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Russell Dawson
Excel Student
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"Russell Dawson" wrote:
This is not an Excel question but I know there are experts here who I know
will provide an answer.
There is an estate of a deceased person to distribute.
Net value is £112k which includes the value of a car (£2500)
Two persons are the beneficiaries.
Person A - has sold the car for £2500 and has had £3000 as an interim payment
There is £106500 in the bank to distribute.
How much does A and B get in cash so that each has had an equal share of the
total estate?
It should be simple but whatever I do it just doesn't match the figures I've
been given. I'm sure that the adjustment for the car is the problem but the
longer I look at it now the more confused I'm getting.
--
Russell Dawson
Excel Student
Please hit "Yes" if this post was helpful.
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