Question

Depreciation charge on livestock

Answer 1

Answer:

All purchased livestock are considered to be tangible personal property and are therefore eligible for a depreciation deduction under Section 179. ... If these costs are deducted, the basis of the livestock is zero and, therefore, these costs cannot be depreciated.

Answer 2

Answer:

All purchased livestock are considered to be tangible personal property and are therefore eligible for a depreciation deduction under Section 179. ... If these costs are deducted, the basis of the livestock is zero and, therefore, these costs cannot be depreciated

Explanation:

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