We generally value both liquid and non-liquid resources at their equity value. Equity value is the price for which the item can reasonably be expected to sell for on the open market, in the particular geographic area, minus any encumbrances (e.g., a loan, a mortgage).
Cash is always valued at its face value. The fact that you owe money does not mean that a specific amount of cash in hand or in a bank account is actually “encumbered.”
Last Revised: Jul. 25, 2008