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Depreciable Improvements and Equipment
Petitioners made various improvements to their land
during the years in issue. These included constructing a
pole barn, purchasing and installing grain bins to store
crops after they are harvested, improving a driveway,
installing gates and fences, and lining the beds of the
ponds. Petitioners also purchased items of equipment
related to their various activities, including a chain
saw, a tractor, and other farm equipment. The depreciation
deductions claimed on the Schedules F, Farm Income and
Expenses, filed with petitioners' returns for 1987, 1988,
and 1989, and on the Schedules F filed with the returns
for R.C. Enterprises for 1990 and 1991, are based upon the
following improvements, additions, and items of equipment:
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