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Old November 8th, 2011, 05:52 PM   #26
Liist
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Name: David
Location: Florida
Join Date: Oct 2011

Motorcycle(s): 2008 Kawasaki Ninja 250R

Posts: 357
Quote:
Originally Posted by Jiggles View Post
I added in my maintenance under mods, but I can surely add another column

And although your bikes, gear, etc. have resale value, that value isn't easily accessible to you until you sell it. Therefore until the point of sale, it is a cost/debt.

Anyone see the awesome ninjette I excel painted in there? lol

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When doing your books, you factor in depreciation expense each year for expected depreciation of your bike. That counts as an expense on your bike.

What your bike is worth counts as an asset, not an expense.

Of course I don't do this with my own stuff because I don't have to file business taxes.
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