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URL:  http://boards.fool.com/if-you-do-consider-it-part-of-your-net-worth-the-30681071.aspx

Subject:  Re: How to account for home purchase Date:  5/13/2013  10:36 AM
Author:  vkg Number:  307025 of 308398

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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