Namibia: Is Your House an Asset or Liability?

opinion

To most Namibians, a property/house is considered an asset. Even if you ask your grandparents, they will tell you that real estate is the greatest asset you will ever own in your lifetime.

But before we go far, let us define an asset: 'an asset is something that we own, something of value that brings us cash flow. That is why even from an accounting perspective, a house owned by a company will be reported on the asset side of balance sheets.'

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.