TwinTurbo.NET: Nissan 300ZX forum - Actually, technically an Asset is defined as
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Subject Actually, technically an Asset is defined as
     
Posted by HighPsi (NorCal) on April 08, 2010 at 3:55 PM
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In Reply To Technically, calling a car an "asset" is "purely retarded" posted by Z_Cherub on April 08, 2010 at 03:29 PM
     
Message Any item of economic value owned by an individual or corporation, especially that which could be converted to cash. Examples are cash, securities, accounts receivable, inventory, office equipment, real estate, a car, and other property.

Do I consider a car a positive returning asset (or investment), absolutely not, but a car can be converted to cash no differently then stocks/bonds/real estate/limited partnerships/etc..., it really just depends on how quickly the cash is needed and the liquidity of that particular market.

     
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