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That depends on if you currently own 100% of the value, or are still paying a loan for the dirt bike.
If you own the dirt bike then it would be a personal asset.
If you are paying on a loan for the dirt bike, then it is a liability because you are liable to pay the monthly payment.
What else can I help you with?
Related Questions
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Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset
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