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Chart 3
Computation of Partnership Taxable Income Without Estimated Residual Value Proceeds
(Assumes Full Term)
Interest Expense
Year Sale Rent Additional Depreciation Install. Balloon Balloon Note Taxable
Ending Receivable Fixed Rent Deduction Bank Loan Note Note COD 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) $20,335,186 883,108
Total 87,793,608 25,388,324 (122,415,762) (106,409) (364,289) (7,146,103) 20,335,186 3,484,555
Chart 4
Computation of Partnership Cash Flow Without 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- (1,981,761) -0- 6,003,302 -0- 4,021,541
Total (122,415,762) (106,409) (364,289) 13,189,083 87,793,608 25,388,324 -0- 3,484,555
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