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?
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The bull would receive the same treatment as the cows.
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
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