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?
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