![Assets vs Liabilities [640x338]](https://pic8.co/sh/2rUVhw.jpg){kind=link}
*Liability sheltered under roof*
*Asset left to rot in the sun*
Broken priorities.
> \*Liability sheltered under roof\*
> \*Asset left to rot in the sun\*
Broken priorities.
If it holds value parked in your barn or generates revenue, it's an asset. If its value plunges when you drive it off the lot and only helps you drive to the coffee shop, it's a liability.
If it holds value parked in your barn or generates revenue, it's an asset. If its value plunges when you drive it off the lot and only helps you drive to the coffee shop, it's a liability.
If it's a tool used to earn an income, and you use it as such, that's an asset. Someone might use a fancy car to impress superficial clients who pay them a lot of money. Then the luxury car is an asset if the deals are big enough to cover the cost.
Both cars and a tractor unused are a liability. They'll eventually turn into piles of rust and plastic.
If it's a tool used to earn an income, and you use it as such, that's an asset. Someone might use a fancy car to impress superficial clients who pay them a lot of money. Then the luxury car is an asset if the deals are big enough to cover the cost.
Both cars and a tractor unused are a liability. They'll eventually turn into piles of rust and plastic.
What if those vehicles are owned by a man who uses them to get to his work where he builds tractors for farming?
What if those vehicles are owned by a man who uses them to get to his work where he builds tractors for farming?
If that were the case, the vehicle would be a mechanically sound, hail-totaled beater that was bought for a song because it's 100% functional.
If that were the case, the vehicle would be a mechanically sound, hail-totaled beater that was bought for a song because it's 100% functional.
If that were the case, the vehicle would be a mechanically sound, hail-totaled beater that was bought for a song because it's 100% functional.
We both know that's not true in this day and age.
>If that were the case, the vehicle would be a mechanically sound, hail-totaled beater that was bought for a song because it's 100% functional.
We both know that's not true in this day and age.
What's the rest of the farm equipment look like?
What's the rest of the farm equipment look like?
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