Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: 1rudeboy

An asset has value, if it's value goes negative it's ceased to be an asset and become simply a liability.


81 posted on 02/01/2006 10:47:13 AM PST by x5452
[ Post Reply | Private Reply | To 77 | View Replies ]


To: x5452
So an asset with negative value is a liability. Thanks for clearing that up. Does a vehicle with negative value exist in the physical realm? Is it a physical liability? I mean, must I pay for parking when I drive Arthalion's car?
84 posted on 02/01/2006 10:50:26 AM PST by 1rudeboy
[ Post Reply | Private Reply | To 81 | View Replies ]

To: x5452

So Mr. 5452, you derive income from your assets by the fact that you rent out property you own. Correct?

So, if all your tenants moved out or lost the ability to pay, would you no longer classify your properties as assets?


87 posted on 02/01/2006 10:55:55 AM PST by mske
[ Post Reply | Private Reply | To 81 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson