Shorter Depreciation Period

February 26, 2009 09:05 AM
 

 

As part of the stimulus package, farm equipment placed in service during 2009 will qualify for a five-year depreciation schedule.
 
Grain bins, cotton gins, fences and other land improvements are excluded and must follow their former schedule.
 
The Association of Equipment Manufacturers vows to work to make the change permanent.


Photo: Chad Reischl
 

 
You can e-mail Linda Smith at lsmith@farmjournal.com.

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