We were having a lecture on assets and liabilities. And our lecturer asked, according to him (which I later agree), a very interesting question:
"Is your parents' love an asset to you?"
Well, being viewed in the 'accounting' way, an asset has to fulfill a few criteria.
(i) It should possess some kind of future benefit. FINANCIAL benefits, that is.
(ii) You should have control over it.
(iii) It's a result of past transaction.
(iv) THERE'S A VALUE TO IT.
I guess if my love sit in perfectly as an asset, I might as well exchange it with a house.
I guess if love has a price tag, what's the depreciation cost?
What is the carrying amount, if in the end, this love is to be sold?
So, the question is:
"Is love a kind of asset to you?"
"Is love a kind of asset to you?"
