Forage Equipment Depreciation Worksheet
A worksheet for working out depreciation of forage equipment, for owners recording value changes over time. Work through it top to bottom, using your own records, and revisit it when conditions change.
WorksheetForages, Pasture & GrazingFree PDF
What you fill in
- Machine and description
- Purchase date and cost
- Salvage value estimate
- Expected life
- Method used
- Yearly depreciation
- Accumulated total
- Tax adviser notes
How to use this worksheet
Fill it out in pencil first, check the numbers against your records, then ink it. Make a fresh copy for each field, pen or enterprise.
Where to check the details
This sheet is a general template, so confirm specifics with your own manuals, labels and local rules. For current official guidance, start with IRS and eXtension.
For more in this area, see the cow-calf and ranch know-how. Between chores, farm.FM has farm humor, including Farm Equipment for Sale Ad Reads “Runs Great”; Seller Admits He Hasn’t Tried It, and farming farm stories.