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Chart 1
Computation of Partnership Taxable Income With Estimated Residual Value Proceeds
(Assumes Full Term)
Interest Expense
Year Sale Rent Additional Depreciation Install. Balloon Residual Taxable
Ending Receivable Fixed Rent Deduction Bank Loan Note Note Income Income(Loss)
11/28/93 $87,793,608 -0- -0- ($106,409) ($364,289) ($300,982) -0- $87,021,928
12/31/93 -0- -0- ($6,120,788) -0- -0- (305,514) -0- (6,426,302)
12/31/94 -0- -0- (46,517,990) -0- -0- (1,932,141) -0- (48,450,131)
12/31/95 -0- -0- (27,910,794) -0- -0- (2,113,390) -0- (30,024,183)
12/31/96 -0- $19,385,022 (16,746,476) -0- -0- (2,158,409) -0- 480,136
12/31/97 -0- 6,003,302 (25,119,714) -0- -0- (335,666) $25,418,982 5,966,904
Total 87,793,608 25,388,324 (122,415,762) (106,409) (364,289) (7,146,103) 25,418,982 8,568,352
Chart 2
Computation of Partnership Cash Flow With Estimated Residual Value Proceeds
(Assumes Full Term)
Debt Service
Year Equipment Install. Balloon Sale Rent Additional Residual Pretax
Ending Purchase Bank Loan Note Note Receivable Fixed Rent Income Cash Flow
11/28/93 ($122,415,762) $14,995,931 ($364,289) $19,990,512 $87,793,608 -0- -0- -0-
12/31/93 -0- (15,102,340) -0- -0- -0- -0- -0- ($15,102,340)
12/31/94 -0- -0- -0- -0- -0- -0- -0- -0-
12/31/95 -0- -0- -0- -0- -0- -0- -0- -0-
12/31/96 -0- -0- -0- (4,819,668) -0- $19,385,022 -0- 14,565,354
12/31/97 -0- 0- -0- (22,316,947) -0- 6,003,302 $25,418,982 9,105,338
Total (122,415,762) (106,409) (364,289) (7,146,103) 87,793,608 25,388,324 25,418,982 8,568,352
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