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New Member
posted Oct 29, 2019 8:15:29 PM

Live Bees - Asset or Expense how to claim

I am a beekeeper. Each year I buy new bees. sometimes they make it through the winter sometimes they dont. How do I expense them? are they an expense or a depriciable asset? If they are an expense what category? Cost of goods sold?

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1 Best answer
New Member
Oct 29, 2019 8:15:30 PM

Since they can possibly die during the winter, we recommend claiming them as supplies. Hope this helps.

1 Replies
New Member
Oct 29, 2019 8:15:30 PM

Since they can possibly die during the winter, we recommend claiming them as supplies. Hope this helps.