Hypothetical Scenario: I have an orchard of let's say 1200 nut trees I have had for over 25 yrs when I bought the farm. I depreciated the trees for something like 40 yrs as that was the expected useful life of the trees. When I initially added the farm asset, I entered it as one collective item of 1200 trees.
Now I have trees that have died and being replaced by new young trees. As I add a new batch of trees as a new asset of let's say 100 trees, I realize I need to show 100 trees in the original asset as destroyed. The 40 yrs is not over for all the trees so 1100 still need depreciating and 100 need to be shown as "sold for $0" somehow.
How do I handle this situation? Change the business use percentage downward?
