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Cars are assets. Depreciating assets, yes. But assets. They are an economic good that produces value (travel). Remember that an asset is not the same thing as
by sliverstorm 12y ago
Cars are assets. Depreciating assets, yes. But assets. They are an economic good that produces value (travel).
Remember that an asset is not the same thing as a store of value. A store of value can be an asset, of course.
- Goladus 12y agoCars also have some value as shelter and storage.