Depreciation Demystified

01/12/2025 43 min
Depreciation Demystified

Listen "Depreciation Demystified"

Episode Synopsis


Depreciation is the reduction in the value of business equipment over time, which impacts both taxes and financial statements. Kendall Kunelius and Rebecca Dube review depreciation with Sam Stoddard from Farm Credit East. They discuss special depreciation methods, building leases, and the importance of accurate record-keeping and financial management for farmers. --------------------------------------------------Show notes:  Farm Credit East: https://www.farmcrediteast.com/ Samantha Stoddard: [email protected] Harvesting a Profit: https://www.farmcrediteast.com/en/FINANCING/Beginning-Farmer-Programs/Harvesting-a-Profit Cornell Cooperative Extension: https://cals.cornell.edu/cornell-cooperative-extension UNH Cooperative Extension: www.extension.unh.edu Generation Next at Farm Credit East: https://www.farmcrediteast.com/en/FINANCING/Beginning-Farmer-Programs/GenerationNext SCORE: https://www.score.org/ Women in Ag Newsletter signup - https://unhoutreach.tfaforms.net/217751?CID=701G0000001AiKCIA0  Kendall Kunelius – [email protected]  Rebecca Dube – [email protected]