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
To: 1rudeboy
yes it is a liability it goes in a different column on the balance sheet. Goes back to that whole accounting thing we've been talking about.
92 posted on
02/01/2006 11:05:42 AM PST by
x5452
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