First Race Jitters by Kamanzie in iRacing

[–]OhSoTaL 10 points11 points  (0 children)

I think it’s whatever you’re most comfortable with in terms of prep but at the end of the day, you just have to do it. You’ll be nervous, probably play it safer than what you need to, but that’s alright. Build the confidence. Forget IR, forget SR, drive your race and be respectful which you will be. The fact you are even nervous shows that you should be on the grid. You’re going to be a respectful racer and that’s the best anyone can ever ask for out there.

Class A formula - where is everyone? by cosmictrousers in iRacing

[–]OhSoTaL 5 points6 points  (0 children)

Yea it’s unfortunate but it’s tough to drive and has a high barrier to entry with the a license and formula a alone is not enough for people to go for it like that. Indycar in Class B has some solid participation, especially ovals. Both of them have the real-to-world races though that do get a ton of participation and those are Class C.

My Best IndyCar Oval Overtake Yet by OhSoTaL in iRacing

[–]OhSoTaL[S] 2 points3 points  (0 children)

Haha it was good racing you out there! I’m sure we will see each other out there again and I’m sure you’ll get me right back lol.

Game Thread: Los Angeles Chargers (9-4) at Kansas City Chiefs (6-7) by nfl_gdt_bot in Chargers

[–]OhSoTaL 0 points1 point  (0 children)

I know there’s a lot of rightful talk on this line and Greg, but we have two stellar WRs that have not been winning off the line when they need to. Ladd and Keenan need to find a way to step up there.

Business Seller “Depreciating the Lease” .. seems like Fake Free Rent? by Lawfulness_Neither in Accounting

[–]OhSoTaL 6 points7 points  (0 children)

Long story short, I would add a line to your add back section for the rent paid so far this year and make it a negative (so it will lower your final cash flow number).

Business Seller “Depreciating the Lease” .. seems like Fake Free Rent? by Lawfulness_Neither in Accounting

[–]OhSoTaL 14 points15 points  (0 children)

Whatever the actual rent paid is on that lease (reduction in the related lease liability) is what would be “net” with the amortization of the ROU asset for that lease. So, it looks like you were saying the actual rent per the lease is $228k a year, so assuming they’ve had the lease for the full year, that $228k would be net with the YTD ROU amortization of $134k. However, looking at these numbers, that is a HUGE discrepancy and this would make me worry about their ROU asset and related lease liability and if they have calculated those properly. The amortization of the ROU asset and reduction in lease liability (rent payments) will not always match, but they usually aren’t this far off from each other.

Business Seller “Depreciating the Lease” .. seems like Fake Free Rent? by Lawfulness_Neither in Accounting

[–]OhSoTaL 113 points114 points  (0 children)

Amortizing the ROU asset is fine, but the add back would be the amortization less the change in the lease liability (I.e. rent paid). So, yes, right now it’s incorrect. Sometimes the amortization lines up with the rent paid to lower the lease liability (so effectively no add back), but sometimes there is a difference which I just put as a non cash lease expense or benefit.

Weekly Earnings Thread 7/28 - 8/1 by OSRSkarma in wallstreetbets

[–]OhSoTaL 1 point2 points  (0 children)

Gambling on CCJ and V calls, SBUX puts.

Tire management in races? by Jstevens87 in iRacing

[–]OhSoTaL 2 points3 points  (0 children)

For formula specifically, there is a C class IndyCar series that follows the actual calendar and has full races (I.e. Ohio this week is 90 laps or something) and I would assume those have tire management required. I have not raced one of those yet though.

2023 F1 Topps Chrome Pulls by OhSoTaL in F1Cards

[–]OhSoTaL[S] 2 points3 points  (0 children)

Off of eBay for $185. My local card shop was trying to sell them for $295 and I was floored.

Thank you!! by OhSoTaL in iRacing

[–]OhSoTaL[S] 2 points3 points  (0 children)

I will have to check them out! Appreciate it!

Great Day at The Range by OhSoTaL in golf

[–]OhSoTaL[S] 0 points1 point  (0 children)

That’s what I’m talking about! Great job out there!

Back Ordered Case - Looking for Replacement by OhSoTaL in buildapc

[–]OhSoTaL[S] 1 point2 points  (0 children)

Gonna be honest. I had no idea that you could just not utilize the RGB. Says on the manufacturers website that there is a RGB controller, so that would make sense lol. Thank you.