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

 
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Coleen3
Intuit Alumni

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

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

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Coleen3
Intuit Alumni

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

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

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