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I think there are four stages of boat accounting
stage 1 you record everything in detail
stage 2 you record only the big items
stage 3 you start lying to your wife
stage 4 you start lying to yourself!
I've heard that a good approxiation is 10-15% of the capital cost for a 10-15 year boat (excluding borrowing costs but including upgrade / replacement costs). My first year the number was 18% (1st year costs are always higher) and last year it was 14%.
Have fun
Ilenart
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