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To: 1rudeboy
How does an asset go negative? Even Enron stock could only go down to zero. I think x5452 should stop digging, he's plenty deep already.
93 posted on 02/01/2006 11:06:12 AM PST by Toddsterpatriot (Why are protectionists so bad at math?)
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To: Toddsterpatriot

If you owe more on the asset than the resale value of it, it's net worth is negative.


95 posted on 02/01/2006 11:08:43 AM PST by x5452
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To: Toddsterpatriot

When I referred to a car having a negative value, I was thinking in an economic sense, and not an accounting sense. "Dismal science," and all that.


98 posted on 02/01/2006 11:10:16 AM PST by 1rudeboy
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