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Who's breaking even or better?
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<blockquote data-quote="MrBilly" data-source="post: 489886" data-attributes="member: 87"><p>OK, you make good sense. I just lump <strong>all</strong> my expenses and <strong>all </strong> the cash received as income, BUT i think we should then determine the average value of a purchased heiferin our area, of equal quality, and list that as a source of "income" for those heifers retained? I need to think that over and talk to my accountant, but just ignoring the replacements and using their upkeep as an expense without acknowledging them as a new asset (assuming they will be) isn't kosher AND it should make the bottom line look better - I like that.</p><p></p><p>Billy</p></blockquote><p></p>
[QUOTE="MrBilly, post: 489886, member: 87"] OK, you make good sense. I just lump [b]all[/b] my expenses and [b]all [/b] the cash received as income, BUT i think we should then determine the average value of a purchased heiferin our area, of equal quality, and list that as a source of "income" for those heifers retained? I need to think that over and talk to my accountant, but just ignoring the replacements and using their upkeep as an expense without acknowledging them as a new asset (assuming they will be) isn't kosher AND it should make the bottom line look better - I like that. Billy [/QUOTE]
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