Todays Horse Racing Fixtures
19
Feb

Depreciation of Horses in Riding school accounts UK?

Posted by admin

uk horse racing
prospectacc asked:


Its an equestrian business; has about 6 horses used for riding lessons etc.

Would you trat the horses as assets and depreciate? They dont compete in competitions or races and therefore would deplete in value.

A friend told me to include then as stock; but they’re not for resale.

any ideas

Horse Racing Betting

Category : Other - Business & Finance

Comments

Kate February 20, 2009

they are considered to be biological assets and have their own set of accounting standards.

I think you would include them as an asset but i am unsure if they are subject to depreciation. You would need to check the accounting standards of your own country.

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ladbrokes


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