Forget depreciating the land--it will probably apreciate over time. Around here land went from about $1500/ac 15 years ago to almost $5000/ac and in the last 2-3 years back to $1500/ac. Barn can be depreciated and the accountant has a schedule. Same with fence and tile, real question is when were they put in and how long will they last. Here the ground is pretty sandy so tile fills in pretty fast. and fence posts can rot off in a couple of years depending on the wood used. BTW I use a CPA that used to work for the IRS--she KNOWS the rules. She has kept me out of trouble more often then not.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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