Quote:
Originally Posted by 4pipes
Rodknock and Bernica, I'd like to point out a simple fact, your cars will not go up in value until someone pays you more than you paid.
|
The Cobra is asset with a market value just like other assets, investments or otherwise, in one's portfolio. Values go up or down. As for an accounting entry on one's balance sheet, the Kirkham is represented at book value, which is cost basis just like the houses we may or may not own less any loans outstanding. But my "Mark to Market" schedule reflects the appreciation in the Kirkham.