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Chart 7
Computation of Partnership Taxable Income Without Estimated Residual Value Proceeds
(Assumes Early Termination)
Interest Expense
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) $25,926,467 (16,879,796)
Total 87,793,608 122,415,762 (106,409) (364,289) (5,592,099) 25,926,467 (14,758,484)
Chart 8
Computation of Partnership Cash Flow Without 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- $25,926,467 343,856
Total (122,415,762) (106,409) (364,289) (5,592,099) 87,793,608 25,926,467 (14,758,484)
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