Business & farm

They are not new ... what you are doing is splitting up the current situation into 2 parts so you can sell off one.  Usually cattle are considered inventory if you buy & sell them not assets.  They are considered assets if they are breeding stock.  And if they are born on the farm they are neither inventory or assets. If the 7 head you sold were assets they really should have been entered individually for depreciation instead of in one large group.