Go to irs forms and get the schedule F form. This will give you the categories of income and expenses items. I do not have separate business entities, just separate pages for everything involved. My accountant does all the deperciation. If you plan to deperciate your machinery, you use your actual cost. You can deperciate tile, buildings, machinery, and other items used in your operation. The only thing that will bite is when you sell these items. All the value will be deperciated out and the sale price will be all capital gain.
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