Andantech L.L.C., Wells Fargo Equipment Finance, Inc. (f.k.a. Norwest Equipment Finance, Inc.), Tax Matters Partner, and Wells Fargo & Co., A Partner Other Than the Tax Matters Partner, et al. - Page 39






                                                                    - 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                  













Page:  Previous  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  26  27  28  29  Next

Last modified: May 25, 2011