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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.

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[–] • 0 pt

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.