Owners use a balance sheet to show an organization’s financial position at a specific date. It helps to summarize an organization’s value. The balance sheet presents a listing of assets, liabilities and owner’s equity. It’s called a balance sheet because assets equal liabilities plus owner equity. The numbers must balance. Continue reading “How do you list the value of a shared airplane ownership?” →

Many thanks to the Cirrus pilots that sent me their CAPS overhaul cost. I’ve summarized by year, location and amount.  Continue reading “5 Cirrus pilots sent me their cost for CAPS overhaul” →

I recently spoke with the owner of Houston Aviation Center, in Sugar Land, TX (KSGR). They’ve been a Cirrus Authorized Service Center for many years and now they’re also a Certified Cirrus Airframe Parachute System (CAPS) Overhaul Center. They began parachute replacement service in August of 2015.

Here are answers to the 5 top questions Cirrus owners ask in their preparation for scheduling a CAPS overhaul. Continue reading “What are the 5 top questions Cirrus owners ask about CAPS overhaul” →

We recently replaced our Cirrus Aircraft carbon monoxide detector.  Here’s the cost summary from an authorized service center work order. Continue reading “We recently replaced our SR22 carbon monoxide detector” →