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InvestED: The Rule #1 Investing Podcast

Buying a Truck - Is Your Balance Sheet Going Negative?

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When you depreciate an asset, it comes off your balance sheet. The accountants concern is that they're not listing assets on the books that have no value. So c p a firms are going to be rather aggressive about getting stuff off the books. They just set down a sene, first of all. And there even was a negotiation about that.

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