how much time should a sole trader be given to recover to from a fire where they lost $35,000 in assets?
2007-10-01 05:55:03 · 2 answers · asked by kevin l 1 in Business & Finance ➔ Other - Business & Finance
how much time should a sole trader be given to recover to from a fire where they lost $35,000 in assets? A soletrader is someone who is self employed. The assets which consisted of stock was not insured.
2007-10-01 08:21:50 · update #1
Trader ? stock trader with a fire ?
You have a brokerage and there was a fire ?
Need this question clarified , really . . .
FYI - a stock trader should have ALL the customer files backed up daily and able to return to business in 48 hours after an event .
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2007-10-01 06:00:31 · answer #1 · answered by kate 7 · 0⤊ 0⤋
what kind of assets - things that depreciate, like computers and office machines? inventory? depends on what your insurance policy says - does it offer replacement value of the book value (after depreciations) - for inventory, it would probably pay wholesale cost, but you'd have to be able to prove accurate inventory count
2007-10-01 06:05:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋