If steve got a home equity loan of 50000 and used 28000 of, Financial Accounting

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If steve got a home equity loan of 50000 and used 28000 of

1. If Steve got a home equity loan of $50,000 and used $28,000 of the proceeds to buy a new car, will all of his interest be deductible as an itemized deduction?

2. Are rental property real estate/personal property taxes deductible for itemized deduction?

3. How does a breakeven analysis help marketers determine the best price for their products? What other factors should companies consider? Why?

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Financial Accounting: If steve got a home equity loan of 50000 and used 28000 of

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