Farm structure depreciation

heimanjj — Mon, 24 Feb 2020 00:55:33 GMT

Trying to determine the depreciation term and rate for a farm "structure."

It is a roof over a feed lot for beef cattle. No walls, just two pillars and a roof to shed rain and snow away from the livestock.

The feeder stanchions and cement were depreciated at 7 years at 150% DB but not sure if I can use that same for this.

Any suggestions?

Thanks.

Re: Farm structure depreciation

ColeenD3 — Mon, 24 Feb 2020 17:45:14 GMT

When it comes to single-purpose agricultural structures (SPAS), you would generally qualify for:

a Section 179 deduction of up to $500,000 in 2010 and 2011;
bonus depreciation on the remainder of the cost (for new construction in 2010); and
the net remaining amount being depreciated over 10 years, not 20 years

SPAS are defined as single-purpose livestock structures or single-purpose horticultural structures.

A single-purpose livestock structure is any structure specifically designed, constructed and used (1) for housing, raising and feeding a particular type of livestock and its produce (such as eggs from a chicken), or (2) for housing the equipment necessary for housing, raising and feeding such livestock.

SPAS

A hog confinement facility, milking parlor, etc., qualifies. A structure that handles more than one type of livestock does not qualify. A building with movable wall partitions that is used to store grain and machinery does not normally qualify for Section 179.

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Farm structure depreciation

Re: Farm structure depreciation