Ep 12: Financial Education | Business Chat Series - Advanced Business English Listening with Vocabulary for Professionals
The Business English Podcast
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Is a Car an Asset?
A car to different people could mean different things. Depending on how you use it will determine whether it's an asset or liability. So if I was given the car free of charge, yeah, I still have to put fuel in it and change the tires. If I'm spending money on this car, it now becomes a liability because it's costing me money. And so a liability is something that takes money out of your pocket every month or every year.
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