- 20 -
Chart 5
Computation of Partnership Taxable Income With Estimated Residual Value Proceeds
(Assumes Early Termination)
Interest Expense Residual &
Year Sale Rent Depreciation Install. Balloon Early Term. Taxable
Ending Receivable Deduction Bank Loan Note Note Penalty Income (Loss)
11/28/93 $87,793,608 -0- ($106,409) ($364,289) ($300,982) -0- $87,021,928
12/31/93 -0- ($6,120,788) -0- -0- (305,514) -0- (6,426,302)
12/31/94 -0- (46,517,990) -0- -0- (1,932,141) -0- (48,450,131)
12/31/95 -0- (27,910,794) -0- -0- (2,113,390) -0- (30,024,183)
12/31/96 -0- (41,866,191) -0- -0- (940,072) $44,619,804 1,813,541
Total 87,793,608 122,415,762 (106,409) (364,289) (5,592,099) 44,619,804 3,934,853
Chart 6
Computation of Partnership Cash Flow With Estimated Residual Value Proceeds
(Assumes Early Termination)
Debt Service
Year Equipment Install. Balloon Sale Rent Early Term. Pretax
Ending Purchase Bank Loan Note Note Receivable Penalty Cash Flow
11/28/93 ($122,415,762) $14,995,931 ($364,289) $19,990,512 $87,793,608 -0- -0-
12/31/93 -0- (15,102,340) -0- -0- -0- -0- ($15,102,340)
12/31/94 -0- -0- -0- -0- -0- -0- -0-
12/31/95 -0- -0- -0- -0- -0- -0- -0-
12/31/96 -0- -0- -0- (25,582,611) -0- $44,619,804 19,037,193
Total (122,415,762) (106,409) (364,289) (5,592,099) 87,793,608 44,619,804 3,934,853
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