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pacoford
Level 5
July 15, 2020

How do I depreciate breeding heifers?

  • July 15, 2020
  • 1 reply
  • 11 views

Client purchased 8 breeding heifers at $8,000. I am unclear if I'm allowed to state total purchase price and which depreciation method I use?

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    1 reply

    BobKamman
    Level 15
    July 15, 2020

    If they're still heifers, they haven't been placed in service and you don't start depreciation until they are.  

    pacoford
    pacofordAuthor
    Level 5
    July 16, 2020

    Thank you!