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
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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.
