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Level 2
April 15, 2020
Question

bulls vs. cows

  • April 15, 2020
  • 2 replies
  • 34 views

I bought a bull and 10 cows in 2019.  Do I need to depreciate the bull as well as the cows?  Or since I will need to buy a new bull every couple of years, can I deduct him?

2 replies

ColeenD3
Level 15
April 15, 2020

The bull would receive the same treatment as the cows.

Level 2
April 17, 2020

Do most people use a 7 year depreciation on cows?  Their productive life should be about 8 years.  On the bull though, his productive life will be 3-5 years.  Should I treat him differently in that respect?

Thank you