Use the actual cost of purchased feed and supplies. Use current net farm price for produced feed and supplies. Use a simple per unit livestock price for raised livestock based on the market value. The method used to spread the value of a capital item over a number of years. Complete in pencil.
Depreciation is a non-cash expense to the business or enterprise.
Complete this page in pencil. No matter when you purchase an item, ACRS is takenfor the full year. Only on fifteen year property do you take depreciation according to the month placed into service. Always round off depreciation to the nearest whole dollar. Items should be listed that are directly related to your enterprise.