BUSINESS ACCOUNTS ON A DAIRY FARM 223 



man is busy with -field work and does not like to 

 take the time to balance his accounts. 



To take an inventory properly requires good 

 judgment of farm equipment and values. It is some- 

 times necessary to consider cost and selling price 

 as well as actual service value to the owner. Due 

 consideration should be given to deterioration of 

 real estate, machinery, and live stock. 



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