Is my Building an Asset?

by Anonymous
(Unknown)

Q: Is my building considered an asset?


A:
I'm gonna do something that could be a bit unpopular and answer your question with more questions of my own...

Regarding your building:
1. DOES YOUR BUSINESS OWN/CONTROL IT?
2. WILL IT BRING YOUR BUSINESS BENEFITS IN THE FUTURE?
3. CAN YOU VALUE IT ACCURATELY?

For more information on why I asked these questions, and what a "yes" or "no" to these answers would mean, see the lesson on assets.

Anyone care to respond to this question or my questions?

Click here to post comments

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