depreciation for livestock

hello.. rajiv as per AS-6 livestock & some other specified assets are out of the scope of As-6 means such assets are not depreciable & hence no rate of dep. has been prescribed for the dep. of the same..

 well.. practically such assests are shown in the books depending upon their market value.

 practically u cn show & treat the same depending upon at wt value they are saleable in the market..

for more explanations see below..

Livestock purchased for draft, breeding, or dairy purposes can be depreciated only if they are not kept in an inventory account. Livestock you raise usually has no depreciable basis because the costs of raising them are deducted and not added to their basis.

as per as -6 such assets are not depreciable.