Mountain State Ford Truck Sales, Inc., E.P. O'Meara, Tax Matters Person - Page 6




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          a price list or price catalog (price catalog) that each such                
          manufacturer distributed to heavy truck dealers, including                  
          Mountain State Ford.  On a periodic basis, each manufacturer                
          updated its price catalog to reflect any changes in the prices of           
          such manufacturer's parts and distributed such updated price                
          catalogs to Mountain State Ford and other heavy truck dealers.              
          During the period 1980 through 1991, Ford distributed approxi-              
          mately four to six updated price catalogs each year.                        
               The different types of parts that Mountain State Ford                  
          carried fluctuated in quantity, but usually totaled about 12,000            
          out of approximately 17,000 potential different types of parts.             
          For each such type of part, Mountain State Ford could have                  
          carried as few as one unit or as many as several dozen units,               
          each or several of which it acquired at different times and                 
          different prices and from different manufacturers.  The units of            
          different types of parts in Mountain State Ford's parts inventory           
          turned over at different rates.  While Mountain State Ford's                
          parts inventory generally turned over every 3 or 4 months, some             
          units of different types of parts were in its parts inventory for           
          more than 12 months.                                                        
               The respective manufacturers of the different types of parts           
          carried by Mountain State Ford assigned parts numbers (parts                
          numbers) to those types of parts.  During any year, a manufac-              
          turer could have (1) changed a part number for a type of part               
          without altering that type of part and/or (2) added a new part              
          number because it altered an existing type of part and/or occa-             

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Last modified: May 25, 2011