Durham Farms #1 - Page 86




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        9-30-89   Total Adjustments to Ordinary Income                                
                  Depreciation expense           $134,884                             
                  Interest expense                   113,757                          
                  Other farm deductions              144,498                          
                  Guaranteed payments           1,486                                 
                  Other Adjustments                                                   
                  Self-employment income             244,581                          
        9-30-90   Total Adjustments to Ordinary Income                                
                  Farm income                   2,054,133                             
                  Depreciation expense          67,940                                
                  Interest expense              707,820                               
                  Other farm deductions            27,578                             
                  Cattle losses–-drought/disease   19,500                             
                  Guaranteed payments           280                                   
                  Other Adjustments                                                   
                  Self-employment income             794,812                          
                  Other deductions                   869,361                          
        9-30-91   Total Adjustments to Ordinary Income                                
                  Farm income                   148,621                               
                  Depreciation expense            656,894                             
                  Interest expense              230,000                               
                  Sharecrop calves              401,720                               
                  Cattle losses--drought/disease  367,633                             
                  Guaranteed payments           4,017                                 
                  Other Adjustments                                                   
                  Self-employment income        1,232,481                             
                  Other deductions              1,058,365                             
        9-30-92   Total Adjustments to Ordinary Income                                
                  Farm income                        102,918                          
                  Depreciation expense          411,672                               
                  Interest expense              42,750                                
                  Calves–-management fee             127,063                          
                  Accounting fees               3,086                                 
                  Guaranteed payments           2,300                                 
                  Other Adjustments                                                   
                  Self-employment income             457,508                          







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Last modified: May 25, 2011