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Depreciation Deductions
Cost Basis 1987 1988 1989 1990 1991
Gates and fencing$2,971 $594 $594 $594$594 $119
Pole barn 12,756 676 676 676676 676
Pond liner 7,190 381 381 381381 381
Equipment (tractor)12,948 1,8503,171 2,2651,617 1,156
Water tank 806 -- 86 206 147 101
--160 382
Equipment 1,496 -- 273 187
---- 72
Plow disc 280 winch1,013 -- 145 145
Chain saw 491 -- -- -- -- 35
Mill 1,500 -- -- -- -- 107
Grain bins 2,483 248 447 358286 358
Lights 2,188 -- -- 109 219 219
Driveway addition23,004 1,150 2,185 1,9671,771 1,967
Total 68,846 4,8997,700 7,0106,109 5,451
Hunting Lodge
Prior to 1990, petitioners constructed a building
directly across the driveway from their house at a cost of
approximately $97,000. This building is approximately 40
feet by 20 to 30 feet and consists of a ground floor and
a basement. The ground floor is decorated like a hunting
lodge, with mounted heads of game on the walls and a
bearskin rug on the floor of the main room. Petitioner
used this building on one occasion during the years in
issue as a meeting place for State Farm agents.
Other Business Activities
Petitioners were involved in various business
activities other than those mentioned above both before
and during the years in issue. Sometime prior to 1987,
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