Question

Where will live stock be placed in a balance sheet?​

Answer 1

Answer:

The livestock will appear as fixed asset in your balance sheet but you cannot claim depreciation on livestock under the income tax act. Dear Samiksha, The livestock will appear as fixed asset in your balance sheet but you cannot claim depreciation on livestock under the income tax act.

Answer 2

Explanation:

The livestock will appear as fixed asset in your balance sheet but you cannot claim depreciation on livestock under the income tax act.