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Depreciation

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(Querist)
15 December 2010 Sir,

How can we calculate depreciation for live stock like cow, goat etc. for milk, in a hotel business?
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
16 December 2010 Based on useful life.
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Srinivas Rao

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Srinivas Rao (Expert)
16 December 2010 Livestocks cannot be depreciated as the useful life period cannot be estimated. I think it should be tested for impairment.
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