Posted 1/16/2010 18:16 (#1025683 - in reply to #1024794) Subject: RE: Creating a balance sheet
Brazilton KS
I disagree. Using anything other then the actual value of the assets if liquidated today makes the balance sheet worthless.
What if you bought land for $1000 per acre in '79 and compiled a balance sheet in '86 when it was worth $300? If you try to carry it on yoru balace sheet @ 1000, you are doing little more then lying. It works both ways.