Difference between revisions of "Assets"
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m (Clarifying that land values are not included in depreciation costs.) |
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Add assets by following these steps: | Add assets by following these steps: | ||
# Enter an estimated value of your land including the value of all fixed improvements ($). For example, dams, buildings, etc. | # Enter an estimated value of your land including the value of all fixed improvements ($). For example, dams, buildings, etc. Note this will not form part of the depreciation costs. | ||
# If you have entered machinery values (etc.) into the full Depreciation Schedule (using option 2), the value of plant and machinery will be shown here. If not, then please enter an estimated current value of all plant and machinery. | # If you have entered machinery values (etc.) into the full Depreciation Schedule (using option 2), the value of plant and machinery will be shown here. If not, then please enter an estimated current value of all plant and machinery. | ||
# Enter the value of any livestock ($), if applicable. | # Enter the value of any livestock ($), if applicable. | ||
Revision as of 22:28, 6 October 2022
This page is used to calculate total farm assets.
Add assets by following these steps:
- Enter an estimated value of your land including the value of all fixed improvements ($). For example, dams, buildings, etc. Note this will not form part of the depreciation costs.
- If you have entered machinery values (etc.) into the full Depreciation Schedule (using option 2), the value of plant and machinery will be shown here. If not, then please enter an estimated current value of all plant and machinery.
- Enter the value of any livestock ($), if applicable.
- Estimate the value of any inventory ($). For example, fertiliser.
- Enter additional assets as required ($).
