#fixed-assets
Accounting for long-term tangible assets including equipment, vehicles, furniture, and property
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.
US exotic rentals need roughly 60% utilization — about 18 days a month — to clear insurance, financing, and the $4,000–$6,000 a car loses in value monthly.
A hot shop furnace burns 24/7, so book fuel as fixed overhead, not COGS — then price each piece on revenue per furnace-hour, sellable yield, and color cost.
Hop yard buildout runs $12,000-$15,000 per acre, and the trellis depreciates as 7-year farm equipment while IRS Section 263A decides the plants.
An 80% coinsurance clause pays $36,750 on a $50,000 loss when you carry $600,000 on a $1,000,000 building. Here is the math, and four ways to avoid it.
Leaving the cloud for a colo rack turns opex into capex — servers are 5-year MACRS property, but Section 179 or 100% bonus can expense them in year one.
More than 40% of your MACRS basis placed in service in Q4 forces the IRS mid-quarter convention on every asset — a 5-year purchase falls from 20% to 5%.
Wyoming exempts the first $75,000 of business personal property per county in 2026 — most small firms now owe zero, but you must still file by March 1.
A leased three-classroom Montessori preschool needs $350,000-$600,000 to open, and spring tuition deposits are deferred revenue, not cash for summer construction. Startup ranges, staffing math, and the two entries founders get wrong.
Section 179 recapture applies when business use drops to 50% or less in any recovery-period year: the clawback is ordinary income on Form 4797, Part IV.
Since 2018, trading in a business vehicle is a taxable sale, not a tax-free swap — the trade allowance minus your adjusted basis is gain, depreciation is recaptured as ordinary income on Form 4797, and the new vehicle's depreciable basis is its full cost.
A roller rink is six businesses under one roof — admissions, rentals, parties, concessions, lessons, arcade — and blending them into one revenue line hides which ones pay for the building. How to track each stream, handle admissions tax, capitalize a ~$37,600 skate fleet, book party deposits as liabilities, and fund the annual floor recoat at $0.50–$2.50 per square foot.
