Usefulness, functionality, appreciation or cash flow. All are worthy goals.
Items for personal use, once paid off, go from assets with liabilities against them to pure assets.
Yes, old, expended, or unwanted assets may be sold, repurposed, or donated.
The value of assets may be determined in several ways. The most fun way is cost (to purchase, store, maintain, repair, update, or upgrade) divided by the number of times used or divided by the amount of joy derived (this ratio may be quantitative or qualitative).
Charles Tadros, M.D.
January 17, 2022
Saint Louis, Missouri