Fair Market Value for Ranch Assets?

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Stocker Steve
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Fair Market Value for Ranch Assets?

Postby Stocker Steve » Fri Apr 14, 2017 12:58 pm

I am working on the depreciation for our new place. The insurance agent was happy to come out and put a high value on each building. That leaves drives, fences, corrals, platforms, wells... to value. Any suggestions here?
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TexasBred
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Re: Fair Market Value for Ranch Assets?

Postby TexasBred » Fri Apr 14, 2017 8:14 pm

Stocker Steve wrote:I am working on the depreciation for our new place. The insurance agent was happy to come out and put a high value on each building. That leaves drives, fences, corrals, platforms, wells... to value. Any suggestions here?

There can be way to much variation in those items for anyone to try to help. Size, quality, age, etc. Only you know and even then it's subjective.
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Son of Butch
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Re: Fair Market Value for Ranch Assets?

Postby Son of Butch » Sat Apr 15, 2017 5:45 am

Stocker Steve wrote:That leaves drives, fences, corrals, platforms, wells... to value. Any suggestions here?

Your tax forms have already been turned in.
For next year use your forms and work backwards to see what numbers would work best and proceed from there.
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