Can any asset value become zero or negative at any time?

Question

anonymous · Answer

it can become 0 but not negative

anonymous · Answer

no zero is not a negative number but -1 and so on you can't

anonymous · Answer

just to confuse you some more - you can have accounts on the asset side of the B/S that are negative - these are just contra accounts i.e. they net against another item. THis is a presentation choice - nothing more.

e.g. PPE will be a positive asset, sometimes you may find the accumulated depreciation line underneath (always negative) - both netted together to give a net PPE figure.

anonymous · Answer

yes it can be negative but provision has to be made for that as per as29

anonymous · Answer

yes it can be negative and provision has to be made for that as per Accounting standard 29

anonymous · Answer

KeeNic: If you are talking in the terms of accounting you are right, but in finance valuation, an asset value could be negative, for example a company that is losing money.
Obviously no one will pay you to take the company, but what it means is that the NPV of the FCF of the company is negative, so the company doesnt worth anything.