Closing my books for 2022. I keep records on how much I spend on each piece of equipment. It always surprises me how much I spend- and helps me evaluate which things to keep and which to replace.
Most of my equipment is older (newest truck is 2007). Everything is well maintained and kept in good condition.
The f650 dump, Vermeer 1800, and f750 bucket were restoration projects so they cost a bit more. I'm really happy with how they turned out. The only thing that's financed is the f750 bucket, which I still owe about 25k on.
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For me the biggest loser is the 2003 f350. It's a crew cab flat bed. I bought it for 8k in 2021 and replaced the tranny and front end in 2022. It seems to always have issues. In fact, as I type it's sitting at my yard unable to start.
Anyway, doing an exercise like this helps me to recognize that I need to charge what jobs are worth- and how valuable and costly equipment is!
I'm also really grateful for a handful of GREAT mechanics. The guy I keep the busiest usually gets to it the day I hand it off.