So imagine you buy some stock from of a public company for $100. It’s book value is $5. Do you get to immediately record a loss? What sense would it make? This

So imagine you buy some stock from of a public company for $100. It’s book value is $5. Do you get to immediately record a loss? What sense would it make? This is the same. > current asset is what seems shady to me Why? How? Do you believe all the things you don’t understand are somehow shady? Goodwill depreciates over time so you just incur the same loss just spread out over multiple years. > at the time of the sale, a loss was incurred. An asset is worth what a purchaser is willing to pay for it. There is no loss incurred until you sell it.