Durham Farms #1 - Page 87




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        SGE 84-5                                                                      
        TYE        Adjustments                                                        
        12-31-87   Total Adjustments to Ordinary Income                               
                  Depreciation expense          $1,090,460                            
                  Interest expense                   187,962                          
                  Other farm deductions              92,163                           
                  Guaranteed payments           15,062                                

                  Other Adjustments                                                   
                  Self-employment income        1,264,350                             
        12-31-88   Total Adjustments to Ordinary Income                               
                  Depreciation expense          893,334                               
                  Interest expense                   295                              
                  Other farm deductions              119,820                          
                  Guaranteed payments           15,328                                
                  Other Adjustments                                                   
                  Self-employment income             880,664                          
                  IRA contribution                   28,000                           
        9-30-89   Total Adjustments to Ordinary Income                                
                  Depreciation expense          448,101                               
                  Interest expense                   303,687                          
                  Other farm deductions              141,166                          
                  Guaranteed payments           1,486                                 
                                                                                     
                  Other Adjustments                                                   
                  Self-employment income             744,396                          
        9-30-90   Total Adjustments to Ordinary Income                                
                  Farm income                   1,807,147                             
                  Depreciation expense          138,075                               
                  Interest expense                   666,370                          
                  Other farm deductions              27,578                           
                  Cattle losses–-drought/disease  152,425                             
                  Guaranteed payments           280                                   
                  Other Adjustments                                                   
                  Self-employment income             956,422                          
                  Other deductions                   931,694                          






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Last modified: May 25, 2011