Realized vs Unrealized Debt: Rule Two by Another Name?
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What Is Realized Debt?
"I was sort of constantly living in a state where I was having ever increasing amounts of unrealized debt," he says. "That is an accounting thing that's been around for a long time." The way you book depreciation, if you think of like left and right, debits and credits, you booked depreciation expense to the left. And then you booked to the right a liability, literally what you said, called accumulated depreciation.
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