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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: How to account for home purchase Date:  5/13/2013  10:36 AM
Author:  vkg Number:  307025 of 312185

If you do consider it part of your net worth, the value should be reduced by expected selling cost.

A deposit check is an expense. In the short term, it can't be recovered by the sale of the property.
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