Question

.
Which item is NOT an asset?


debit card


cash


house


car

Answer 1

??

Answer 2

Cash is for sure an asset, so you can eliminate that one

Answer 3

\(\color{#0cbb34}{\text{Originally Posted by}}\) @aliyah32
??
\(\color{#0cbb34}{\text{End of Quote}}\)
why do you keep doing that to ll your posts

Answer 4

Debit card is also an asset, it's a form of cash...so you're left with car and house

Answer 5

what os the definiton of asset?

Answer 6

both a car & house are could be liabilities, but I believe a car could become an asset over time. so i believe the correct answer would be house

Answer 7

an asset is property owned by a person and/or coumpany

Answer 8

company**

Answer 9

i feel like it could be house bc you can own it

Answer 10

\(\color{#0cbb34}{\text{Originally Posted by}}\) @aliyah32
i feel like it could be house bc you can own it
\(\color{#0cbb34}{\text{End of Quote}}\)
true, but I was thinking that the person is renting the house

Answer 11

but you could own one too

Answer 12

\(\color{#0cbb34}{\text{Originally Posted by}}\) @MrMudd183
\(\color{#0cbb34}{\text{Originally Posted by}}\) @aliyah32
i feel like it could be house bc you can own it
\(\color{#0cbb34}{\text{End of Quote}}\)
true, but I was thinking that the person is renting the house
\(\color{#0cbb34}{\text{End of Quote}}\)
so it would be car right?

Answer 13

House,cash,car are all assets so that leaves us with debit card that's not an asset.

Answer 14

but you can also own a car

Answer 15

I think it could be debit card. because now that i think about it, you own a car & house *assets*

Answer 16

see thats what i said

Answer 17

but a dedit card it becomes from a business so you dont own it

Answer 18

you cant own a debit card

Answer 19

Debit card is money owned by the bank though

Answer 20

yea

Answer 21

thanks guys

Answer 22

I'm confused if debit card's a asset or not.

Answer 23

so technically, all 4 could be an asset if you think about it...and you're welcome

Answer 24

debit is not a asset

Answer 25

because a bank owns a debit card, you own the cash you have, you own a car & house

Answer 26

though because the card is owned by the bank

Answer 27

\(\color{#0cbb34}{\text{Originally Posted by}}\) @MrMudd183
Debit card is money owned by the bank though
\(\color{#0cbb34}{\text{End of Quote}}\)
Exactly, the money on the credit line isn't yours.

Answer 28

it is not an asset then

Answer 29

but it's owned by a bank though, and a bank is a company

Answer 30

yeah but you dont own that company

Answer 31

\(\color{#0cbb34}{\text{Originally Posted by}}\) @MrMudd183
but it's owned by a bank though, and a bank is a company
\(\color{#0cbb34}{\text{End of Quote}}\)
But "we" as the individual, don't own it.

Answer 32

\(\color{#0cbb34}{\text{Originally Posted by}}\) @XioGonz
\(\color{#0cbb34}{\text{Originally Posted by}}\) @MrMudd183
but it's owned by a bank though, and a bank is a company
\(\color{#0cbb34}{\text{End of Quote}}\)
But "we" as the individual, don't own it.
\(\color{#0cbb34}{\text{End of Quote}}\)
true

Answer 33

\(\color{#0cbb34}{\text{Originally Posted by}}\) @xxDeppressionxx
\(\color{#0cbb34}{\text{Originally Posted by}}\) @XioGonz
\(\color{#0cbb34}{\text{Originally Posted by}}\) @MrMudd183
but it's owned by a bank though, and a bank is a company
\(\color{#0cbb34}{\text{End of Quote}}\)
But "we" as the individual, don't own it.
\(\color{#0cbb34}{\text{End of Quote}}\)
true
\(\color{#0cbb34}{\text{End of Quote}}\)
I agree about the debit card not being one