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Allocation expenses (to an unknown crop) & depreciation question

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April 05, 2009 05:58PM
Ver2008.12.373

I'm still cleaning up some things before updating to 2009. (And I'm still working on the Field Prep issues in the topic in the Farm Trac discussion group.)

(1) In the meantime, how do I apply expenses (not farming operations) to a field that has an unknown crop?
For example: I have a bill from the attorney for a crop lease he drew up. I would like to pay the bill and allocate the expense to the fields associated with the lease. We have yet to determine the crop mix and/or rotation for this farm.
What are the options for handling these type of expenditures?

(2) As I'd like to clear up some issues before closing out 2008, I have a depreciation question.
I have not closed out 2008. I have entered all the appropriate depreciation figures for my equipment for 2008. I have just traded (in this year of 2009) an older sprayer for a new one. Can I enter that transaction before closing 2008 and still have correct depreciation tables?

Thanks,
James
SubjectAuthorPosted

Allocation expenses (to an unknown crop) & depreciation question

James LApril 05, 2009 05:58PM

Re: Allocation expenses (to an unknown crop) & depreciation question

KathyClineApril 06, 2009 11:52AM

Re: Allocation expenses (to an unknown crop) & depreciation question

Guy LaRochelleApril 07, 2009 12:12PM

Re: Allocation expenses (to an unknown crop) & depreciation question

KathyClineApril 07, 2009 01:00PM

Re: Allocation expenses (to an unknown crop) & depreciation question

Mitch KonenApril 07, 2009 11:46PM

Re: Allocation expenses (to an unknown crop) & depreciation question

KathyClineApril 08, 2009 11:39AM

Re: Allocation expenses (to an unknown crop) & depreciation question

Mitch KonenApril 09, 2009 09:37AM



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