Assumptions in Income Statement Cont'd...

If you've bought crypto, HODLed, and sold it later, your tax liability should be fairly easy to calculate. Let's look at a simplified, US-based example. 

Here's the formula:

• Fair market value - Cost basis = Capital gain / Loss
• The...

• Market value is influenced by the business cycle and can fluctuate over periods of time. Market values decrease during recessions (bear markets) and rise during economic expansions (bull markets).
• Market value also depends on the sector in which th...

Just as often as book value overstates true worth, it can understate true worth.

This is where you get the greatest asset plays.Companies that own natural resources—such as land, timber, oil, or precious metals—carry those assets on their book at a fraction of the true value.

Brand n...