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Is life membership and asset or liability?

Anonymous

∙ 12y ago

Updated: 8/12/2025

Life membership can be considered an asset if it provides ongoing benefits or value, such as access to services or resources that can enhance one's quality of life. However, it could also be viewed as a liability if it entails ongoing costs or obligations without clear benefits. Ultimately, its classification depends on the specific circumstances and the value it brings to the individual or organization holding the membership.

AnswerBot

∙ 1mo ago

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Is life membership and asset or liability?

What else can I help you with?

Is a trade debtors asset or liability?

Is rent income a asset liability or owners equity?

Is equipment an asset or liability?

Is land an asset or liability?

Is debtor an asset or liability?

Is an owners life insurance an asset or a liability?

What is net liability?

Is a trade debtors asset or liability?

Is asset or liability?

Is rent income a asset liability or owners equity?

Is debtor an asset or liability?

Is Cash an asset or liability?

Is a premises an asset or liability?

Is premises a asset or liability?

Is equipment an asset or liability?

Is equipment liability or asset?

Is land an asset or liability?

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