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    Cyndi500's Avatar
    Cyndi500 Posts: 1, Reputation: 1
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    #1

    Jul 18, 2014, 02:12 AM
    Small feeder cattle operation
    "I have a small feeder cow operation. I purchased 3 cows with a 1/3 share partner. Sold 2 cows one cow died. When I figure the profit and loss statement to determine gross profit do I include the price of the dead cow into expenses deducted from the sales?"
    cdad's Avatar
    cdad Posts: 12,700, Reputation: 1438
    Internet Research Expert
    		  
    #2

    Jul 18, 2014, 07:16 AM
    If you mean the "cost" of the dead cow yes. You can't report as a loss the price of the cow if it would have lived. Also be sure to document everything including the autopsy report from your vet on the cow that died.
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