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Cattle Boards
Beginners Board
Tax question - depreciation
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<blockquote data-quote="1982vett" data-source="post: 706521" data-attributes="member: 7795"><p>Raised Breeding stock can't be depreciated because you have expensed the cost of raising them. Breeding stock you buy are depreciable if you use the cash method of accounting. MACRS, 5 year asset class, 150 DB method (in most cases).</p><p></p><p>Not familiar with the accrual accounting method where you don't depreciate them because you hold the livestock in inventory. Someone else will have to pick it up from here.</p></blockquote><p></p>
[QUOTE="1982vett, post: 706521, member: 7795"] Raised Breeding stock can't be depreciated because you have expensed the cost of raising them. Breeding stock you buy are depreciable if you use the cash method of accounting. MACRS, 5 year asset class, 150 DB method (in most cases). Not familiar with the accrual accounting method where you don't depreciate them because you hold the livestock in inventory. Someone else will have to pick it up from here. [/QUOTE]
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Tax question - depreciation
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