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A barn used in a farm partnership is what type of asset? Also can DDB be taken?

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Level 1
last updated ‎January 14, 2020 6:10 PM

I have a barn that was built 10/23/2019 for a Farm Partnership.

What type of Asset would this be?  Type H 15/20 years

 

Can Double Declining Balance be used to depreciate this barn?

 

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Level 15
last updated ‎January 14, 2020 6:10 PM

Google is always a farmer's best friend:

https://www.google.com/search?source=hp&ei=e1weXr6NBIiWtQX_taGQBw&q=how+to+depreciate+a+barn&oq=how+...

 

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.