Durham Farms #1 - Page 95




                                       - 95 -                                         
                  Accounting fees          $4,526                                     
                  Guaranteed payments                   3,806                         

        DGE 86-2                                                                      
        TYE         Adjustments                                                       
        12-31-91      Depreciation expense                862,447                     
                  Other farm deductions         2,479,421                             
                                                                                     
        TBS 89-1                                                                      
        TYE         Adjustments                                                       
        12-31-89      Depreciation expense              1,050,000                     
        12-31-91     Farm income/capital gain             11,686                      
                  Depreciation expense                555,199                         
                  Interest expense              194,320                               
                  Other farm deductions         700,533                               
                  Guaranteed payments                  7,005                          

        TBS 90-1                                                                      
        TYE         Adjustments                                                       
        12-31-92      Depreciation expense                736,707                     
                  Interest expense              199,303                               
                  Other farm deductions         627,921                               
                  Accounting fees          3,086                                      
                  Guaranteed payments                   6,271                         

        Management                                                                    
        TYE         Adjustments                                                       
        9-30-87       Farm income1         114,755,879                                
                  Depreciation expense                198,141                         
                  Interest expense         3,618                                      
                  Other farm deductions2                   40,810,069                 
                  Fuel credit                   1,862                                 
                  Research credit          1,315,155                                  
                  1Includes $74,388,096 of management fee income from                 






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Last modified: May 25, 2011