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?

Advertise on Accounting-Basics-for-Students.com

Get Your Degree!

Find schools and get information on the program that’s right for you.

Powered by