On Tue, Mar 30, 2021 at 11:09 AM Brandon A. Olivares <[email protected]> wrote: > > I think maybe you’re slightly overthinking it. An asset is anything whose > value you want to track. > > If you’re running a business, then you have to get more specific, but in that > case you should probably ask your accountant. > > I do like the definition given here: > https://accountingo.org/financial/statements/difference-between-assets-and-expenses/ > > “Asset is a resource available to a business that gives it some form of > economic benefit in the future.”
Hmmmmmmm - - - - the final statement - - - - imo that is why a house is not an asset - - - - it is an expense. Once you have one the expense starts and doesn not finish until you sell. There is no way to make money with it, generally, without selling it. Not a popular opinion but it does follow that above definition. Regards -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/ledger-cli/CAPpdf58AUdifQ8daSg%3Dv7D5ZRM27B-E-WOkaHOB6RCB7E3MSpw%40mail.gmail.com.
