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Hello Gene,
The best place to learn about depreciating a tractor used on you farm would IRS publication 225, Farmers tax guide.
There is specific information on depreciation and what method is allowed under IRS rules. Here is a link to the page in Pub 225 that explains depreciation.
https://www.irs.gov/publications/p225#en_US_2020_publink1000218229
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‎September 30, 2021
10:53 AM