Posted 12/23/2024 21:35 (#11023340 - in reply to #11023096) Subject: RE: Balance sheet adjustment
West Central Iowa
Kooiker - 12/23/2024 18:58
RealFarmer - 12/23/2024 18:52 Land values are put down at purchase price and left that way to show actual growth. Net worth is a whole different animal.
The only reason I can think of for raising land values on a balance sheet is so that you can get into trouble borrowing money to buy something you can't afford to pay for.
In my case it can help with my debt to asset ratio to help me get a better operating interest. I'm not interested in taking on a lot of extra debt.
Balance sheet adjustment
