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New Member
posted Jun 4, 2019 6:24:50 PM

I purchased three goats for breeding purposes in 2017. Would I list them as assets or expenses?

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1 Best answer
Intuit Alumni
Jun 4, 2019 6:24:52 PM

They are assets that must be depreciated. They are considered 5 year property, the same as breeding and dairy cattle.

1 Replies
Intuit Alumni
Jun 4, 2019 6:24:52 PM

They are assets that must be depreciated. They are considered 5 year property, the same as breeding and dairy cattle.