Question
We own a swimming pool business and install high-end specialty inground pools for homeowners. We have purchased the following: Used 2014 Bobcat Skidsteer Loader on
We own a swimming pool business and install high-end specialty inground pools for homeowners. We have purchased the following: Used 2014 Bobcat Skidsteer Loader on 01/01/2019 for $35,000. It had 1392 hours on it when we purchased it, and carried a blue book value on it of $41,000 at that time. The life-expectancy for it is about 5,000 hours total or about 4 years as of the date we purchased it. In 2019 we put 945 hours on it. 2020 we had 1178 hours. 2021 we had 1424 hours. 2022 it refused to start up for us when we began the work season, and we did not have time to fix it, so it sat while we paid to lease equipment.
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