Depreciate living, sentient beings? How typically capitalistic. The fact that racehorses are treated as property in this country is shameful. They are being exploited by the wealthy and all those who support this cruel industry. There shouldn't be ANY depreciation because the sport should be permanently banned. It's time we gave horses in this country the care and respect they deserve, and honor them for the immense service they have given, including their lives, over hundreds of years.