You have a sneaker collection where 2000 you have $300 in your savings account. But you also have a credit card balance to 200. What are your total asset
To calculate your total assets, you would add the value of your sneaker collection ($2000) to the amount in your savings account ($300), and subtract the balance of your credit card ($200).
Total Assets = Sneaker Collection + Savings Account - Credit Card Balance
Total Assets = $2000 + $300 - $200
Total Assets = $2300