Farm depreciation

[L.S.]

Have a farmer, Sch F. Put down concrete flooring by his barn for his cattle - would you depreciate as real property with sub asset of 3 for 20 year property?

Also bought farm machinery. Would this be asset F with sub asset of 9 for 7 year farm equipment or asset A with sub asset of 8 for 7 year fences, grain bins & equipment used in Agriculture?

Thanks.

[Gail in Virginia]

I would probably depreciate the flooring as A) Agriculture, 9) Single purpose structure which gives him a 10 year life. The farm machinery I would depreciate as A) Agriculture and 8 for a seven year life.

Just my opinion.

[OldJack]

>>Single purpose structure which gives him a 10 year life<<

I question that classification as I don't believe this meets the definition.

I read the original post as "concrete flooring BY his barn" not in a barn.

This might be better considered or described as "drainage facilities" or considered a part of the barn improvements. Maybe find out more specifics from the farmer.

[mdmcfarland]

Generally if concrete is poured BY a barn for cattle, it is being used as a feed floor. It keeps the cattle out of the mud when eating.