Gentlemen, there are Facts, and there are Opinions.
you HAVE to know a difference between them for your own goodness sake.
facts are always backed by numbers, while opinions are given based on feelings, word of mouth (which is often NOT based on numbers)
FACT is, and asset lands cash directly into your pockets (after deducting all the bills for operating the asset). If not, that’s a liability.
BASED ON ABOVE:
you can call anything an asset, even your bed; so long as numbers tell you so.
You can make anything an asset if you are an excellent salesman.
NB: yes, companies like Samsung make the new device obsolete when they launch new lineups. But you don’t see BestBuy or Microcenter throwing the just-obsolete devices out of the stores.
Gentlemen, there are Facts, and there are Opinions.
you HAVE to know a difference between them for your own goodness sake.
facts are always backed by numbers, while opinions are given based on feelings, word of mouth (which is often NOT based on numbers)
FACT is, and asset lands cash directly into your pockets (after deducting all the bills for operating the asset). If not, that’s a liability.
BASED ON ABOVE:
you can call anything an asset, even your bed; so long as numbers tell you so.
You can make anything an asset if you are an excellent salesman.
NB: yes, companies like Samsung make the new device obsolete when they launch new lineups. But you don’t see BestBuy or Microcenter throwing the just-obsolete devices out of the stores.
9/10 bolded statements are true.
* this fact isn’t backed by numbers