How do I depreciate breeding heifers?

[pacoford]

Client purchased 8 breeding heifers at $8,000. I am unclear if I'm allowed to state total purchase price and which depreciation method I use?

[BobKamman · Accepted solution]

If they're still heifers, they haven't been placed in service and you don't start depreciation until they are.  

[pacoford]

Thank you!

[pacoford]

Once they start calving what depreciation method will I use?

[BobKamman]

If you're going to do farm returns, download and study IRS Pub 225, including the depreciation information on Page 42.