12. which is an example of an appreciating asset? a computer used for business purposes. a piece of farming…

12. which is an example of an appreciating asset? a computer used for business purposes. a piece of farming equipment. a new car purchased within the past 6 months. a home. 13. when looking over your credit report, its important to make sure... no lines of credit have been opened under your name without your knowledge your credit score is over 700 at least five businesses have requested your credit report the information listed is over 10 years old

12. which is an example of an appreciating asset? a computer used for business purposes. a piece of farming equipment. a new car purchased within the past 6 months. a home. 13. when looking over your credit report, its important to make sure... no lines of credit have been opened under your name without your knowledge your credit score is over 700 at least five businesses have requested your credit report the information listed is over 10 years old

Answer

Brief Explanations:

  1. An appreciating asset is one that increases in value over time. Homes often appreciate due to factors like land value and market demand. Business - use computers, farming equipment, and new cars typically depreciate.
  2. Checking for unauthorized credit lines is crucial as identity theft can lead to fraudulent accounts opened in one's name. A credit score over 700 is good but not the most important thing when first reviewing a credit report. The number of businesses requesting a report and the age of information are less critical than ensuring no unauthorized activity.

Answer:

  1. A home.
  2. No lines of credit have been opened under your name without your knowledge