How to capture the purchase/loan of a golf cart

I recently purchased a golf cart to be used for extra rental income when someone rents our condo. I have a 3 year loan on it. Question: How to I capture this in Stessa? Would it be capitalized over a useful life of 5 years for the full amount of the golf cart, or do I record the loan payments (or both)?

Thank you very much!

Stessa is built to be flexible enough to handle different income and expense situations, but we do not provide specific tax advice. You’ll want to check with your CPA for more information about how to handle this scenario.

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