The total asset of Magic mirror is $515,708
Magic Mirror has $428,210 in capital and $87,498 in liabilities.
The capital is also know as the equity which means the company's net worth.
Liabilities are everything a business owes, now and in the future.
Assets are everything a business owns. Assets may be current or fixed assets
Therefore,
Total Assets - Total Liabilities = Capital
Where
Hence,
Total Assets = $87,498 + $428,210
Total Assets = $515,708
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