Wealth Professor
Region: US
Monday 10 August 2026 23:48:39 GMT
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ReligionInform :
a car is an asset, however it depreciates over time.
2026-09-06 16:00:23
1
Jesus Christie :
Cars and houses are assets, debt you owe against the asset is the liability. If your car is paid off and you own it it has stored value and the depreciation you accumulate on it is separately accounted as depreciation against the asset
2026-08-11 21:10:40
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12345 :
A car owns you, the car doesn't need you
2026-09-05 17:59:45
1
🔥 :
Did your know that hypercars gain value
2026-09-06 08:44:50
0
coco :
my laptop is an asset
2026-09-05 18:29:26
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Danbabb :
This is a personal finance video, not an accounting lesson. The narrator defines an asset as an investment. Not necessarily true. My car is not an investment, but it is a fixed asset, and it depreciates the way fixed assets do. The house example is more nuanced…the home depreciates, but the land appreciates, and the overall value tends to increase over time as long as it’s adequately maintained.
2026-09-03 14:14:13
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chris :
most cars depreciate, but i’ve realized that if you have certain sports cars and certain types of cars or properties they actually do gain value, just because cars are becoming so mindless. my gti was like 10 when i got it and manuals with good clutches are going for like 18k!!
2026-08-11 18:43:59
3
Banks :
I think ur wrong. Assets also mean anything that has value or can be sold. A car and a house are assets. Accountants know what am talking about
2026-09-02 16:53:22
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MONARCH 🫡 :
That means if you use the house for rent and the car for transportation or delivery they become assets
2026-09-05 19:52:15
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josiahlionberger :
do you know farmers done really make any money off of assets, Farmers tend to buy ground and keep it and pass it on in their family. they don't intend to sell it to them. it's just another expense.
2026-08-11 19:36:25
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Swordf1shy :
Neither is an apartment that you have to rent. At least the house gets you a tax write off on the interest and a homestead exemption. I don't understand how people say shit like this. You still need a place to live. At least a house, purchased smartly, will appreciate in value while building equity. Having equity in your home is an asset being that you can access that equity anytime.
2026-09-02 14:28:06
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Justkymm :
Bad explanation u say people can’t explain a example of a asset than u tell me an example of what’s not an asset
2026-08-11 12:17:02
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Jeremiah Pfeiffer :
👍👍👍
2026-08-27 17:21:08
0
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