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Gawd
- Joined
- Jun 6, 2006
- Messages
- 1,001
Of course.
I can see you've had your accounting classes.
long time ago.
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Of course.
I can see you've had your accounting classes.
you can't insure a liability.you can insure your asset AGAINST liability, but that's completely different. people can be a liability too, with that interpretation of the word.
the debt you financied your car with IS a liability.
more confusing facts to come.![]()
i don't know what to tell you buddy. this is basic balance sheet 101. assets on the left, liabilities and equity on the right. assets are cash, furniture, fixtures, equipment and facility. liabilities are debt, letters of credit, etc., and equity is shares of stock.
A computer is an asset, not a liability.
According to the American Heritage Dictionary, an investment is the investing of money or capital in order to gain profitable returns, as interest, income, or appreciation in value. Computers and card DEpreciate. they do not gain value, and are not an investment. they are a depreciating asset.
but i don't want to hijack this thread anymore. either start an OT thread, or pm me.
i don't know what to tell you buddy. this is basic balance sheet 101. assets on the left, liabilities and equity on the right. assets are cash, furniture, fixtures, equipment and facility. liabilities are debt, letters of credit, etc., and equity is shares of stock.
A computer is an asset, not a liability.
According to the American Heritage Dictionary, an investment is the investing of money or capital in order to gain profitable returns, as interest, income, or appreciation in value. Computers and card DEpreciate. they do not gain value, and are not an investment. they are a depreciating asset.
but i don't want to hijack this thread anymore. either start an OT thread, or pm me.
If a computer asset is used to make money (software developemtn, or photo work for example). Then the purchase of that computer IS an investment.
Remember how people invest in precious metals? Asset or Investment?
Investment is not necessarily cash, but anything readily convertible to cash with goal to earn income (interest or wage).
You can contribute assets as paid-in capital just as you can with cash.
Last, just like assets the value of money depreciates.
IT DEPRECIATES.
Precious metals increase in value, (or appreciate) which makes them an investment, according to the definition of the word. asset and investment are NOT mutually exclusive, so it can be both. i don't have to choose.assets can either depreciate or appreciate. investments cannot.
no. an asset can be converted to cash (cash is an asset anyways). An investment MUST APPRECIATE. just because you can sell something doesn't make it an investment. i think what you really meant was investments are not necessarily assets (instead of cash).
that's because cash isn't an investment. it's an asset. Assets can depreciate. Investments cannot.
You're confusing asset and investment.
can a mod split this discussion of into OT?
Definition
A market in which commodities, such as grain, gold, crude oil, or RAM chips, are bought and sold for cash and delivered immediately. also called cash market.
Dude, seriously you are truely off.
Precious metals can appreciate or depreciate.
The price of RAM appreciates or depreciates.
Now, you might be more used to having precious metals appreciate and RAM depreciate, but both have a spot market where their values fluctuates on a constant basis.
Just in case you were confused as to the definition of spot market:
I can't belive I just wasted my time reading the above rediculous semantics debate but I love that pic of memory!
I can't belive ya'll used the reciculous comparison of ram and precious metals...LMFAO. All computer hardware depriciates...periood.
Peace