Subject | Re: Stupidity in motion |
From | -hh |
Date | 04/18/2013 13:19 (04/18/2013 04:19) |
Message-ID | <1144d6a1-97b3-4209-9077-65e2258f9446@l5g2000yqe.googlegroups.com> |
Client | |
Newsgroups | comp.sys.mac.advocacy |
Follows | ed |
Followups | ed (8h & 49m) > -hh |
edof the biggest idiots who post often don't know what an "asset" is.
On Wednesday, April 17, 2013 4:08:54 PM UTC-7, KDT wrote:
...KDT
Words Mean Things.It's quite telling that in a thread titled "Stupidity in motion." *Two*=
word is. =A0The word "asset" has had a well defined meaning since the 1600'= s.But on to the point, no one cares what *you* think the definition of a =
Which settles the question of definitions.http://oxforddictionaries.com/us/definition/american_english/asseted
words do mean things. =A0and in financial accounting and legal terms, a car is clearly an asset.
=A0for household accounting and colloquial use, it's much less clear whether a car should be considered an asset. =A0personally, i don't consider my car an asset for purposes of household accounting or calculating net worth,...I follow you, but does this then imply that if the car isn't an asset, then the loan on it is? Sorry Ed, that's a Devils Advocate question, since they both cant be listed in the same column. Similarly, even though we can agree that a car isn't a good investment, it is still a colloquial "asset" from the aspect that it is a desirable/useful tool to accomplish certain tasks.
... just as i don't include the value of all my random crap that i could sell on ebay, as the purpose of me keeping track of assets and net worth is to see where i stand long term. =A0bookkeeping the current value of a vehicle (and other assets) that will be worthless in 15 years adds nothing to that view. =A0ymmv.Ah, but that's a question do appreciation vs depreciation, as well as to what degree to ignore ankle-biters from the basic motivation of investments. By the same type of logic, you would want to also not include your house, since you always need to live somewhere....right? The simple rule of thumb is that if one were to lose it, would it be able to be claimed as an insurance loss.