Durham Farms #1 - Page 94




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                  Guaranteed payments                 $8,022                          
                  Other deductions              1,058,365                             
        9-30-92       Farm income/capital gain            102,918                     
                  Depreciation expense                158,625                         
                  Interest expense              130,525                               
                  Other farm deductions         306,009                               
                  Accounting fees          3,086                                      
                  Guaranteed payments                  3,060                          
                                                                                     
        SGE 84-5                                                                      
        TYE         Adjustments                                                       
        12-31-87     Depreciation expense                557,632                      
                  Interest expense              195,171                               
                  Other farm deductions         946,368                               
                  Guaranteed payments           9,463                                 
                  Investment credit                 2,060,100                         
                                                                                     
        12-31-88      Depreciation expense                585,514                     
                  Interest expense              195,171                               
                  Other farm deductions         804,222                               
                  Guaranteed payments                  8,022                          
                  IRA contribution              28,000                                
        9-30-89   Depreciation expense                324,476                         
                  Interest expense              195,171                               
                  Other farm deductions         515,916                               
                  Guaranteed payments                  5,159                          
        9-30-90       Farm income/capital gain          1,807,147                     
                  Depreciation expense                447,027                         
                  Interest expense                    211,587                         
                  Other farm deductions               515,916                         
                  Guaranteed payments                  5,159                          
        9-30-91       Farm income/capital gain            150,276                     
                  Depreciation expense                470,657                         
                  Interest expense              211,587                               
                  Other farm deductions         452,961                               
                  Guaranteed payments                  4,526                          
        9-30-92       Farm income/capital gain            101,493                     
                  Depreciation expense                195,070                         
                  Interest expense              166,521                               
                  Other farm deductions         452,691                               






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Last modified: May 25, 2011