EqualShares.com

Home FAQs Steps About us

Advanced Method

 Step 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

   

Advanced Method

Step 14:  (For those who have divided their property into lots.) Repeat steps 11 through 13 for each lot until all the lots are "sold."

Example:  In Lot 2 of the Snider auction, the estate liquidator bid $1,300 for the green sofa.  Here are the bids submitted by Steve, Bob, and Mary:

 

Steve wins the Jaeger painting for $3,500.  Bob wins the violin for $9,900.  Mary wins the Ford SUV for $8,000 and the large TV for $400.  The estate liquidator gets the green sofa for the reserve price of $1,300.  

Here's the payments account for all of the items in Lot 2:

 

Here are the updated share accounts for Steve, Bob, and Mary:

 

 

Go to Step 15 

Step 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

 

Copyright 2004  Lori Alden.  All rights reserved.