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How do I depreciate breeding heifers?

pacoford
Level 4

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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BobKamman
Level 14

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

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4 Replies 4
BobKamman
Level 14

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

View solution in original post

pacoford
Level 4

Thank you!

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pacoford
Level 4

Once they start calving what depreciation method will I use?

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BobKamman
Level 14

If you're going to do farm returns, download and study IRS Pub 225, including the depreciation information on Page 42.