Asset Monetary asset (e.g., checking account, cash) Tangible asset (e.g., car, computer) Investment asset (e.g.. stocks) Liability: Short-term liability (paid off = < 1 year) Long-term liability (paid off > 1 year) John Fox graduated from UK last year. Currently, he owes $18,000 in student loan. He has a car that he bought 3 years ago for $18,000. The value of his car today is $8,000, and his auto loan has a balance of $2,000. John bought a computer 2 years ago for $1,200, but now the computer is worth $800. He has $1,500 in his checking account. His credit card debt totals $800 as of January 06, 2024. John's Balance Sheet January 06, 2024 Assets Monetary Assets Tangible Assets Investment Assets Asset - Liability = Net Worth Liabilities Short-Term Liabilities Long-Term Liabilities Net Worth Items Total Monetary Assets Total Tangible Assets Total Investment Assets Total Assets Total Short-Term Liabilities 1 Total Long-Term Liabilities Total Liabilities Net Worth Dollar Amount