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(Topic ID: 76450)

Are Pinball machines goods or assets?

By maddog14

10 years ago


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Topic Stats

  • 16 posts
  • 16 Pinsiders participating
  • Latest reply 10 years ago by Mantra
  • No one calls this topic a favorite

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    “Are Pinball Machines Assets or Goods?”

    • Assets 6 votes
      25%
    • Goods 18 votes
      75%

    (24 votes by 0 Pinsiders)

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    #16 10 years ago
     
    KLA

    Mantra

    Inactive member

    10y 38,400 514 7 15

    Asset
    a useful or valuable thing, person, or quality.

    Definition of economic goods:
    A consumable item that is useful to people but scarce in relation to its demand, so that human effort is required to obtain it.

    For Tax purposes they are Assets. For insurance replacement purposes they are assets.

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