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To: Toddsterpatriot

An asset at zero does not have a positive value. It has literally 'no value' it ceases to be an 'asset'.


100 posted on 02/01/2006 11:12:00 AM PST by x5452
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To: x5452
An asset at zero does not have a positive value.

Please give me a list of assets at zero.

102 posted on 02/01/2006 11:14:29 AM PST by Toddsterpatriot (Why are protectionists so bad at math?)
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To: x5452

Let's say a car has a scrap value of $25.00. If the bank repossesses it because of an outstanding loan balance of $100.00, the cars value is, you guessed it, $25.00 to the scrap dealer (seeing that he's willing to spend $25.00 for it), and $-75.00 to the bank.


105 posted on 02/01/2006 11:17:06 AM PST by 1rudeboy
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