Document Type
Circular
Type
text
Format
application/pdf
Keywords
farm business management, farm inventory record sheets, farm depreciation record sheets, agricultural ecnomics department
Publication Date
10-1922
Publisher
Agricultural Extension Service, South Dakota State College of Agriculture and Mechanic Arts
Circular No.
60
Pages
8
Description
Inventories are an essential part of a farm record. Taken at the beginning and end of the year, they show whether one has been increasing or decreasing the among of livestock, grain, feed, and supplies on hand. An increase in inventory represents income, even though it is not in the form of dollars and cents. A decrease in inventory means that some of the livestock, grain, etc., produced in previous years has been sold or used. Since this was not produced during the current year, it should be considered an expense and deducted from the gross income as such.
Language
en
Rights
This item is in the public domain.
Recommended Citation
McCullough, H., "Inventories and Depreciation Accounts" (1922). SDSU Extension Circulars. 60.
https://openprairie.sdstate.edu/extension_circ/60