Indoor Go-Kart Track Bookkeeping: Budgeting Six-Figure Maintenance Against Per-Race Revenue
A kart track costs $500,000 to $3M+ to open, then taxes every race with tire, battery, and brake wear. Budget maintenance per race or price blind.
#fixed-assets
Fixed Assets
Accounting for long-term tangible assets including equipment, vehicles, furniture, and property
The Gas Guzzler Tax, Explained: Who Really Pays the $7,700 on Your Window Sticker
The IRS gas guzzler tax charges $1,000 to $7,700 per new car under 22.5 mpg — baked into your sticker price, and non-depreciable for business cars.
How to Book a Lease Termination Fee Under ASC 842: The ROU Asset, the Liability, and the Gain or Loss Most Tenants Miss
Under ASC 842, ending a lease early means derecognizing the ROU asset and lease liability and booking the difference — plus the fee — as a gain or loss.
Ghost Assets Are Inflating Your Balance Sheet: How to Find and Remove Them
Ghost assets — equipment on your books but long gone — run 10-30% of fixed asset registers; a yearly physical count plus disposal entries clears them.
New Mexico Just Said No to 100% Bonus Depreciation: What SB 151 Means for Your 2027 State Taxes
New Mexico SB 151 makes C corporations add back federal 100% bonus depreciation from 2027; pass-through owners keep it. Place assets in service in 2026.
Equipment Breakdown Insurance: The $500-a-Year Policy That Covers What Your Property Insurance Won't
Equipment breakdown insurance pays for internal failures your property policy excludes — typically $25–$50 a year per $50,000 of equipment, spoilage included.
Building Your 2027 CapEx Budget: How Small Businesses Plan Capital Spending, Rank Projects, and Time Purchases for Maximum Tax Value
A 2027 CapEx budget turns equipment failures into scheduled buys: inventory assets, rank projects by payback and NPV, and time purchases around Section 179.
Uniform and Linen Rental Bookkeeping: Amortize the Garment Fleet, Price by Route Density
Rental garments are fixed assets, not supplies: amortize them over 6–36 months, cost the plant per pound, and let route density set what the business sells for.
Why Your Ski Shop's Book Value Isn't What Last Season's Rental Skis Are Worth
Rental skis lose value faster than 7-year MACRS assumes; keep a management schedule, and plan for IRS Section 1245 recapture on spring demo sales.
Your Repaired Car Is Worth Less Than Before the Crash: How Diminished Value Claims Work
Your repaired car lost resale value the day it crashed — a US diminished value claim bills the at-fault insurer for the gap.
Replaced the Roof? Make the Partial Disposition Election So You Stop Depreciating Two Roofs at Once
Replaced a roof or HVAC? The IRS partial disposition election deducts the old component's remaining basis on Form 4797 now, not over decades.
Tearing Down a Building? Why Section 280B Adds Demolition Costs to Your Land Basis Instead of Giving You a Deduction
Section 280B puts demolition costs and a razed building's leftover basis into land, not a deduction. The 75% renovation safe harbor can preserve write-offs.