Durham Farms #1 - Page 83




                                       - 83 -                                         
                            APPENDIX A-–FPAA Adjustments                              


        DF #1                                                                         
        TYE         Adjustments                                                       
        12-31-87      Total Adjustments to Ordinary Income                            
                  Farm income              $129,787                                   
                  Depreciation expense             23,826                             
                  Interest expense         13,285                                     
                  Other farm deductions         196,258                               
                  Guaranteed payments             13,841                              
                  Other Adjustments                                                   
                  Self-employment income          118,165                             
                  IRA contribution         8,000                                      
        12-31-88   Total Adjustments to Ordinary Income                               
                 Farm income              121,264                                    
                  Interest expense              7,038                                 
                  Other farm deductions         207,292                               
                  Guaranteed payments             10,597                              
                  Other Adjustments                                                   
                  Self-employment income           28,265                             
        9-30-89   Total Adjustments to Ordinary Income                                
                  Interest expense                 12,888                             
                  Other farm deductions         246,107                               
                  Guaranteed payments              4,906                              
                  Other Adjustments                                                   
                  Self-employment income        26,514                                
        9-30-90   Total Adjustments to Ordinary Income                                
                  Farm Income                   137,299                               
                  Depreciation expense            280,175                             
                  Interest expense         82,496                                     
                  Other farm deductions            27,578                             
                  Cattle losses–-drought/disease  520,325                             
                  Guaranteed payments           280                                   







Page:  Previous  73  74  75  76  77  78  79  80  81  82  83  84  85  86  87  88  89  90  91  92  Next

Last modified: May 25, 2011