Friday, September 09, 2005

Love is an asset

Basic Accounting Equation:
Assets = Liabilities + Capital

Assets: Assets, in simple term, are things which you own. They are rights to future benefits arising from past transactions. They consist of the following characteristics:

  1. A probable future benefit exists. If you're in a relationship, there is a probable future benefit. If marriage is a benefit for you, there is a chance of getting hitched. If you just want a shag, there is a possibility as well. Thus, a probable future benefit exists.
  2. An exclusive right to control the benefit. Okay, so you do not have the exclusive right to control your partner. But the love and intimacy you share between you and your partner is exclusive to just the two of you. There is a verbal agreement to be "exclusively yours" in some cases.
  3. The benefit must arise from some past transaction or event. The event may be valentine's day or the day the guy asks the girl to be his gal.
  4. The asset must be capable of measurement in monetary terms. This does not really apply. But if a separation or divorce takes place, an alimony can usually be claimed. Or you can sell your partner away, *laughs* just kidding.

Thus, having met the characteristics, we say that love is an asset.

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