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Is a dirt bike liability or an asset?

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Anonymous

∙ 11y ago
Updated: 12/7/2022

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.

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Wiki User

∙ 11y ago
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