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By Kevin M Perhaps more than any other expense I have to pay, I most dislike (OK, despise!) paying for car repairs. It’s not that I expect our cars to run maintenance and repair free, year after year, but I can’t stomach the idea that every time we bring one of the cars to the [...] By Kevin M Question: is a car an asset or a liability? That was a theory question in a sophomore level accounting course I took in college way back when. After some debate among the class, the professor confirmed what we all knew, that the technically correct classification is “asset”, but felt compelled to add, “Of course, [...] |
 
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