Use the Property to Simplify the Following Expression

question 217

Short Answer

Use the property to simplify the following expression. If needed, write your answer with positive exponents only.

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Definitions:

Amortized Amount

The portion of a loan or intangible asset's cost that has been allocated as an expense over a specific period.

Fair Value

The estimated market value of an asset or liability, based upon current conditions and mutually informed and willing parties.

Long-Term Investments

Assets that a company intends to hold for more than one year, such as stocks, bonds, or real estate.

Unrealized Gain

An unrealized gain is an increase in the value of an investment or asset that has not been sold, and consequently, the profit has not yet been taken or considered as income.