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Debate House Prices


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Federal Reserve: No recovery without housing market recovery

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Comments

  • You cannot produce the milk without the cow; the milk has a symbiotic relationship with the cow and this duality ensures that the cow is a current asset and a conjoined entity with the milk.

    The Cow (I really can't believe we're discussing this :-)) is still a non-current asset, as it will produce more milk for you after you have collected what it has produced.

    The Cow would I suppose become a current asset if it was to be slaughtered in the current financial period, but I think overall a Cow is a Non-current asset, I can check this with my accouting tutor if you wish.
  • ILW
    ILW Posts: 18,333 Forumite
    What is this cows name?
  • ILW wrote: »
    What is this cows name?

    Daisy. What else?;)
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    gingeralan wrote: »
    The Cow (I really can't believe we're discussing this :-)) is still a non-current asset, as it will produce more milk for you after you have collected what it has produced.

    The Cow would I suppose become a current asset if it was to be slaughtered in the current financial period, but I think overall a Cow is a Non-current asset, I can check this with my accouting tutor if you wish.

    A wasting asset.

    Some of us remember when property was depreciated not revalued. ;)
  • Thrugelmir wrote: »
    A wasting asset.

    Some of us remember when property was depreciated not revalued. ;)

    Amen Brother ;)
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