HomeMy WebLinkAbout920724.tiff RESOLUTION
RE: THE BOARD OF EQUALIZATION, 1992, WELD COUNTY, COLORADO
PETITION OF:
NATIONAL HOG FARMS INC
% BILL 0 HARE
25000 W C RD 69
KERSEY, CO 80644
DESCRIPTION OF PROPERTY: PIN: P 0016708 PARCEL: 096523000002 - 25000
WHEREAS, the Board of County Commissioners of Weld County, Colorado,
organized as the Board of Equalization for the purpose of adjusting, equalizing,
raising or lowering the assessment and valuation of real and personal property
within Weld County, fixed and made by the County Assessor for the year 1992, and
WHEREAS, said petition has been heard before the County Assessor and due
Notice of Determination thereon has been given to the taxpayer(s), and
WHEREAS, the taxpayer(s) presented a petition of appeal of the County
Assessor's valuation for the year 1992, claiming that the property described in
such petition was assessed too high, as more specifically stated in said
petition, and
WHEREAS, said petitioner being represented by Cindy Magill and Bridget
Shirley, Property Tax Representatives Inc. , and
WHEREAS, the Board has made its findings on the evidence, testimony and
remonstrances and is now fully informed.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, acting as the Board of Equalization, that the evidence presented at the
hearing clearly supported the value placed upon the Petitioner's property by the
Weld County Assessor. Such evidence indicated the value was reasonable,
equitable, and derived according to the methodologies, percentages, figures and
formulas dictated to the Weld County Assessor by law. As such, this Board finds
that the Petitioner failed to meet the burden of proving that the Assessor's
valuation was incorrect. The assessment and valuation of the Weld County
Assessor shall be, and hereby is, affirmed.
BE IT FURTHER RESOLVED that a denial of a petition, in whole or in part, by
the Board of Equalization may be appealed by selecting one of the following three
options:
920724
�5OG'�5 G - ('k-J /7)0..-✓ e2, R ARCSg-A7T i ✓L, !�1S
Page 2
RE: BOE - NATIONAL HOG FARMS INC
1. Board of Assessment Appeals: You have the right to appeal the
County Board of Equalization's (CBOE's) decision to the Board of
Assessment Appeals (BAA) . Such hearing is the final hearing at
which testimony, exhibits, or any other evidence may be
introduced. If the decision of the BAA is further appealed to
the Court of Appeals, only the record created at the BAA hearing
shall be the basis for the Court's decision. No new evidence can
be introduced at the Court of Appeals. (Section 39-8-108(10),
CRS)
Appeals to the BAA must be made on forms furnished by the
BAA, and should be mailed or delivered within thirty (30)
days of denial by the CBOE to:
Board of Assessment Appeals
1313 Sherman Street, Room 523
Denver, CO 80203
Phone: 866-5880
OR
2. District Court: You have the right to appeal the CBOE's decision
to the District Court of the county wherein your property is
located. New testimony, exhibits or any other evidence may be
introduced at the District Court hearing. For filing
requirements, please contact your attorney or the Clerk of the
District Court. Further appeal of the District Court's decision
is made to the Court of Appeals for a review of the record.
(Section 39-8-108(1) , CRS)
OR
3. Binding Arbitration: You have the right to submit your case to
arbitration. If you choose this option the arbitrator's decision
is final and your right to appeal your current valuation ends.
(Section 39-8-108.5, CRS)
Selecting the Arbitrator: In order to pursue arbitration, you
must notify the CBOE of your intent. You and the CBOE select an
arbitrator from the official list of qualified people. If you
cannot agree on an arbitrator, the District Court of the county
in which the property is located will make the selection.
920724
Page 3
RE: BOE - NATIONAL HOG FARMS INC
Arbitration Hearing Procedure: Arbitration hearings are held
within sixty days from the date the arbitrator is selected. Both
you and the CBOE are entitled to participate. The hearings are
informal. The arbitrator has the authority to issue subpoenas
for witnesses, books, records, documents and other evidence. He
also has the power to administer oaths, and all questions of law
and fact shall be determined by him.
The arbitration hearing may be confidential and closed to the
public, upon mutual agreement. The arbitrator's written decision
must be delivered to both parties personally or by registered
mail within ten (10) days of the hearing. Such decision is final
and not subject to review.
Fees and Expenses: The arbitrator's fees and expenses are agreed
upon by you and the CBOE. In the case of residential real
property, such fees and expenses cannot exceed $150.00 per case.
The arbitrator's fees and expenses, not including counsel fees,
are to be paid as provided in the decision.
The above and foregoing Resolution was, on motion duly made and seconded,
adopted by the following vote on the 30th day of July, A.D. , 1992.
BOARD OF COUNTY COMMISSIONERS
ATTEST: y WELD COUNTY, COLORADO
Weld County Cl r o � 3� EXCUSED - DATE OF SIGNING (AYE)
George Kennedy, Chairman
By:4Skt44heBoart
SceLHarbfloCm
APPROVED AS T FORM:
C. W. Ki by
�/J C
Assistant County Attorney Gor on E. Lacy
telfaliq
W. H. Webster
920724
BOE DECISION SHEET
PIN #: P 0016708 PARCEL II: 096523000002
NATIONAL HOG FARMS INC
% BILL 0 HARE \
25000 W C RD 69
KERSEY, CO 80644 ,
i
HEARING DATE: July 30, 1992 TIME: 3:00 P.M. ��
HEARING ATTENDED? 4511) NAME: ✓ C1;4(,1 , 1 ,\ ��
AGENT NAME: PROPERTY TAX REPRESENTATIVES INC % CINDY L MAGILL
�. APPRAISER NAME: -21 wit/
/
DECISION:
DECREASE IN VALUATION
INCREASE IN VALUATION
NO CHANGE IN VALUATION L------
ASSESSMENT RATIO
ACTUAL VALUATION
ORIGINAL ADJUSTED
Land $ $
Improvements OR
Personal Property 14468933
Total Actual Value $ 14468933 $ .,----
COMMENTS:
MOTION BY �� TO L---vi
SECONDED BY cpro)} / Kirby -- (A N)
Lacy -- 46PN)
Failed to meet burden of proof Webster -- ØN)
Comparables inadequate Harbert -- ON)
1 /"Other , Kennedy -- (U N)
.'L_F_ ---J P y a f1�,e
RESOLUTION NO. 920724 -
.)L'L 14 ' 92 5 : ';_ 1 PHuE . uU .
OFFICE OF COUNTY ASSESSOR
915 I0th STREET
• L GREELEY,COLORADO 80631
// NOT ICE of DENIAL Pi-IONE(303)356-4000, EXT.4256
dile3405 G?7504 ALL 23 5 63 ESC OPPR R>:5
COLORADO
25000 < <69 : CR - <WELD
OWNER NATIONAL- HOG FARMS INC
PARCEL 096523000002
NATIoriAL HOG EARNS INC PIN P 0016708
ss BILL 0 HA RE •
YEA?, 2 9Q2
2500 W C AD 69 LOG C0;47
KERSEY GO 84644
07/07/1992
The appraised value of property is based on the appropriate consideration of the approaches to value re0uired by law.The Assessor has determines
trtat your property should be included in the following category(;es):
ALL OTHER PROPERTY ; INCLUDING VACANT LAND) IS VALUED BY CONSIDERING THE COST ;
MARKET; AND IYCCME APPROACHES,
if your concern is the amount of your property tax, local taxing authorities (county, city, fire protection, and other special districts) hold
budget hearings in the fall.Please refer to your tax bill or ask your Assessor for a listing of these districts,and plan to attend these budget hearings.
The Assessor has carefully studied sli available information, giving nar:icui21 attention to the specifics incivaed on your protest and has deter-
mined the v uationts; assigned to your property.The reasons for this determination of value art'
YOUR PERSONAL PPOPERTY HAS 3*Er`; ALLU.rED SUFFICIENT DEPRECIATION IN
ACCCR::AriCE ;1ITH TI-i» 3ASE YEAR CONCEPT ANC ECC EN DL
DE •R'JCERl
CL, StiSET
FORTH IN .^-.SSESSr1rNT MANUALS AH Lr5 ) AH
ED
BY THE STATE DIVISION OF PROPEFTY TAXATION & .
PETITIONER'S
I ASSESSOR'S VALUATION I
PROPSRTY CLASSIFICATION ESTIMATE• ACTUAL VALUE ? ACTUAL VALUE
OF VALUE ; PRIOR TO REVIEW AFTER REVIEW '
i
•
i 14, 4r;8) 733; 14) 468s 933:
PEA50r1AL P ROPE RTY
I
• i
T'YALS $ S 14) 468 s 9305 143468, 933i
if you disagree with the Assessor's occasion, '?ou Dave the right to ep ec to the Cz:unt, Beard of Equalization for further consideration,
39.8-106(1)(a), C.R.S. Please see the back of this form for detailed information on filing your appeal.
07/13/91
WARREN L. LASELL DATE
By. WELO COUNTY ASSESSOR
YOU HAVE TI(L ,11GHT TO APPEAL_THEASSESSo., 3 DECISION
The County Board of Equalization will sit to hear appeals beginning July 1 and continuing through August 10 for
real property (land and buildings) and personals yoperty,(furnist)ings._machinery,-and equipment). 39-8-104 and
39-8-107(2), C.R.S.
APPEAL PROCEDURES:
if you choose to appeal the Assesses decision, mail or deliver one copy of this completed form to the County
Board of Equals<atich. To preserve ybur right to appeal, yctir appeal must be POSTMARKED OR DELIVERED ON
OR BEFORE JULY 15.
WELD COUNTY BOARD OF EQUALIZATION
• .,915 10th Street, P.O. Cox 758
_ .- • G(?Oioy, (gip;0 r9Q 80632C 4L'_..L
T elechonc_ t302. 356.4000 _ - .
.... btlCAT1CN ✓ ' -n;PI;NS.'.: ..
he rin, your appea
-.. win '�: �•CTi':?,d Cr the time and place set .='( the 2.. -
:0UNTY BOARD OF SQUAL;ZAT1ON'S-DETERMiNAT1ON:
me County Board of Equalization must make a decision on your appeal and mail you a determination within five
cusiness days. The County Board must conclude their hearings by August 10.
-4XPAY a alGHtS Foe aLiRT9ER'APPEALS: • - -
'.a\.: a.'= not satisfied with the County Board of Equalization's decision. YOU mus
t file within thirty days of the
_ounty8oard of _EECuali_atiorr$ written decision with ONE of the following:
Board of Assessment Appeals (BAA): �^'
Contact the BAA at 1313 Sherman, Room 315. Denver, Colorado 50203, (30�) 666-5880.
District Court:
9th Avenue and 9th Street P.O. Box C
Greeley, Fade 30S2
T e_eo lone .3C3;' 35 '.400C.
:CUNT -
•
3(._.: .:rs_ et5.._by C.1,. fl Cer _.
7:1 _ i'i: .%i PPEAL:
pit Fri O To Tile cou-n Y BQRxo o1= EQUAkitArc&
1:.tk4 lt&Dt h Elat•-5 VAIE £u',lo ow hyycv,JdSo r wNICI-PL aSS£4Stsd WAS". ikitoth 7a. t n.
4-etikaAa
- / DATE I ����//y'/.-��
g1 NATUR F PETITIO R • +4
Nat: PPM , ,
PROPERTY TAX REPRSENTATIVES, INC.
•
July 14, 1992 SENT BY AIRBORNE
Weld County Board of Equalization
915 10th Street, P.O. Box 758
Greeley, Colorado 80632
RE: National Hog Farms, Inc.
Parcel No. 096523000002
PIN P 0016708
Dear Sirs:
Enclosed is the completed application for filing the above parcel
to the Board of Equalization. If at all possible, we would prefer
to have the hearing on July 24th or July 27th.
Thank you for your help and if you have questions, please feel free
to contact me.
Si cerely,
gl.,/et-
Barbara Hulshof
Information Systems
Enc.
c ci. T* . C r4 320724
TWO WEST 39TH STREET • SUITE 202 • KANSAS CITY, MO 64111 • (800) 745-PTRI • FAX: (816) 561-0666 • PHONE: (816)561-4646
•
CLERK TO THE BOARD
P.O. BOX 758
ingI GREELEY,COLORADO 80632
C. (303)356-1000 EXT.4225
COLORADO
July 21, 1992
Parcel No. : 096523000002 PIN No. : P 0016708
NATIONAL HOG FARMS INC
% BILL 0 HARE
25000 W C RD 69
KERSEY, CO 80644
Dear Petitioner(s) : _
The Weld County Board of Equalization has set a date of Monday, July 30,
1992, at or about the hour of 3:00 P.M. , to hold a hearing on your
valuation for assessment. This hearing will be held at the Weld County
Centennial Center, 915 10th Street, Greeley, Colorado, in the First Floor
Hearing Room.
You have a right to attend this hearing and present evidence in support of
your petition. The Weld County Assessor will be present before the Board.
The Board will make their decision on the basis of the record made at the
aforementioned hearing, as well as your petition, so it would be in your
interest to have a representative present. If you plan to be represented
by an agent or an attorney at your hearing, prior to the hearing you shall
provide, in writing to the Clerk to the Board's Office, an authorization
for the agent or attorney to represent you. If you do not choose to
attend this hearing, a decision will still be made by the Board by the
close of business on August 10, 1992, and mailed to you on or before
August 16, 1992.
Because of the volume of cases before the Board of Equalization, all cases
shall be limited to 15 minutes. Also due to volume, cases cannot be
rescheduled. It is imperative that you provide evidence to support your
position. This may include evidence that similar homes in your area are
valued less than yours or you are being assessed on improvements you do
not have. Please note: The fact that your valuation has increased cannot
be your sole basis of appeal. Without documented evidence as indicated
above, the Board will have no choice but to deny your appeal.
320 n=
NATIONAL HOG FARMS INC - P 0016708
Page 2
At least two (2) working days prior to your hearing the Assessor will have
available, at your request, the data supporting his valuation of your
property.
Please advise me if you decide not to keep your appointment as scheduled.
If you need any additional information, please call me at your
convenience.
Very truly yours,
BOARD OF EQUALI/�ZA��TION
./ �''G!/GL2j
onald . Warden,
Clerk to the Board
BY: //4-4L--e6-7 cLict..A._4(%:,--f_es
Carol A. Harding, Deputy
cc: Warren Lasell, Assessor
PROPERTY TAX REPRESENTATIVES INC, 7 CINDY L MAGILL
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\ CLERK TO THE BOARD
P.O. BOX 758
GREELEY,COLORADO 80632
lung
C (303)356-4000 EXT.4225
COLORADO
July 23, 1992
Parcel No. : 096523000002 PIN No. : P 0016708
NATIONAL HOG FARMS INC
Z BILL 0 HARE
25000 W C RD 69
KERSEY, CO 80644
Dear Petitioner(s) :
The Board of Equalization notification of hearing mailed to you earlier
this week incorrectly listed your hearing as Monday, July 30, 1992. This
is to notify you that the hearing is scheduled for Thursday, July 30, 1992
at the time stated on your first notice. We regret any inconvenience this
may have caused you.
Very truly yours,
BOARWa
OFEQUAL1ZZATIION
Donaldd .D. Waardden,,Clerk to the Board
BY: fic4/2:7--t--Jr/11 u_c
Carol A. Harding, Deputy
cc: Warren Lasell, Assessor
PROPERTY TAX REPRESENTATIVES INC, Z CINDY L MAGILL
920721
SENDER: I also wish to receive the
• Complete items 1 and/or 2 for additional services. also wishservi to (for extra
• Complete items 3, and 4a & b.
• Print your name and address on the reverse of this form so fee):
that we can return this card to you. 1. ❑ Addressee's Address
• Attach this form to the frontof the'meiipiece,or on the
back if space does not permits 2. El Restricted Delivery
• Write "Return Receipt Requested" on the mailpiece next to Consult postmaster for vet.
the article number.
3. Article Addressed to: ' + " r Y: r ' (w. '+-4a. Art a %er
tf.1171 N6O
PROPERTY TAX REPRESENTATW *$ 4b.❑ Registered ce Insured❑ Insured
TWO WEST 39TH ST. , STF.:Z02 '' ❑ COD
KANSAS CITY, MO 6411'11 e❑`Express Mail ❑ Return Receipt for
Merchandise
7. Date of Delive y
5. Signature (Addressee) 8. Ac s s�ddress( ly if requested
an�'#6e is paid)
B. Sig�tu�rgent)
PS Koren 3B 1, October 1980 * teas—ersast DOMESTIC RETURN RECEIPT
�i
P 387 471 8U4
RECEIPT FOR CERTIFIED MAIL
NO INSURANCE COVERAGE PROVIDED
NOT FOR INTERNATIONAL MAIL
(See Reverse)
4Ftv' Sent to
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Return Receipt shoe 9�
to whom and Date Di O rZ.
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Date.and Address of D
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Postmark or Date
co
r,
O.
O. r/bI 9
to 9 .
g EXHIBIT
U
1992 C.B.O.E_ HEARING
for
NATIONAL HOG FARMS, INC
JULY 30, 1992
3:00 p.m.
SCHEDULE NUMBER P0016708
PREPARED BY:
DEBBIE FANGMEIER - PERSONAL PROPERTY TECHNICIAN
92084
Issue 41 Valuation Issue of Livestock Equipment
The property Tax Administrator provides the Assessor each year with the most
current tables used in the calculation process of Personal Property, Cost
Factors, Percent Good Tables, Economic Lives and Level of Value Adjustment
Factors. These adjustment factors are provided pursuant to 39-1-104 (12.3)
C.R.S. and must be used to factor current actual values of personal property to
the level of value applicable.
COST APPROACH
Attached are the 1992 tables which were used to value the equipment for National
Hog Farms. The equipment was classified as Average of All and the economic life
of 10 years was given. Based on the year of acquisition, the correct percent
good for depreciation was applied. Attached is a copy of the tables used.
(Exhibit A)
MARKET APPROACH
The market approach is used whenever there is sufficient comparable sales data.
The market approach is based upon the assumption the property value may be
measured by analyzing what buyers pay for similar property, at this time we do
not have similar properties to compare or collect that type of information within
Weld County. Also, they are stating that there is a difference in value on the
equipment from inside the barn to taking it out and selling it. We agree with
that, but the main valuation on the equipment is in the barn and in use as a hog
farm operation. They could not operate without this equipment.
David Schildmeier and Cristi Foose met with Debbie Vanest on March 1, 1990, at
that time they went over the account for National Hog Farms, Inc and Debbie
stated what would be picked up on Real Estate to what would be picked up on
Personal Property. This is how the account has been set up.
INCOME APPROACH
The income approach is not an accurate approach for the Subject property on
appeal. Therefore, the income approach has been considered but not used.
Issue f2 Exemption Request for Disinfectant Equipment
With speaking with Mike Owens, from the Division of Property Taxation, on June
30, 1992 the exemption that was granted to Morning Fresh Farms is only granted
to Egg Production Operations. (Exhibit B & C)
Conclusion
Pursuant to Colorado Statutes, the Weld County Assessor has determined an actual
value for the personal property on appeal by consideration the Cost, Market and
Income .approaches to Value. The cost approach is the most reliable approach to
value in personal property. (Exhibit D)
920724
6( tiLAA
o co Colorado Depan„lent of Local Affairs
t,-, • ' ,/,.,
- ;o DIVISION OF PROPERTY TAXATION
'^ ,/ O Mary E. Huddleston
• Cx,_
�* Property Tax Administrator
airs 4
Roy Romer
Governor
TO: All County Assessors
FROM: Mary E. Huddleston \-)\. ��
Property Tax Administrator
SUBJECT: 1992 Replacement Cost Factor Tables ,
Economic Life Guidelines,
Percent Good Table, and
Level of Value Adjust Factors
DATE: `December 11 , 199L'
DISTRIBUTION: Circulate to Personal Property Appraisal Staff
File in ARL Volume 5, Section IV
MEMORANDUM
Attached are the recommended cost factor tables , economic life guidelines,
percent good tables, and level of value adjustment factors for use in valuing
personal propel for the 1992 assessment year.
The Statutory Advisory Committee (SAC) met on December 11 , 1991 , and reviewed
the attached appraisal procedures for use in 1992 . The State Board of
Equalization has thirty days to review the recommendations of SAC . If there
are changes , you will ,be advised in a separate memorandum of the action of the
SBOE. Otherwise, the procedure is effective January 11 , 1992 .
These adjusted factors are provided pursuant to 39-1-104( 12 .3) C.R.S . and must
be used to factor current actual values of personal property to the level of
value applicable ,to real property.
The Division of Property Taxation is currently reviewinc economic lives of
computer equipment for 1992. There may be changes and the Division will keep
you advised. We invite your input on this matter.
Please file the information in the ARL Volume 5, Section IV, Personal Property
Valuation Manual .
If you have any questions , please contact the division at 855-2371 .
MH:mlo •
cover.doc. Per Prop disk
—
•
flat
®O®®
IAAD
1313 Sherman Street, Room 419, Denver, Colorado 80203, (303) 866-2371
wM.-
J,..an
24
'PENDIX IV-A, Page 2
PERSONAL PROPERTY
Replacement Cost New Factors
Types of Property Included in Factor Groupings
Cost Factor Table
Reference Number Property Type
1 Average of All
Candy &
Confectionary,
Creamery &
2 Dairy, Flour,
Cereal & Feed,
Garage, Meat
Packing, Paint
Refrigeration,
& Rubber
Office Equipment
3 Office Furniture
Computers
Copiers
Retail & Wholesale
4 Stores ,
Warehousing
Rental Furnishings ,
5 Apartments,
hotels , motels
Banks , Savin_s
and Loans,
6 Restaurants a
Lounges ,
Theaters
7 Contractors
Equipment
3 Laundry &
Cleaning Equipment
Source: Marshal & Swift . October 1991
_ -_-OPT-AS
ARL Vol 5 1-87
Revised 1-92
C,•T i—���
o..r_
• ' APPENDIX IV-A, Page
PERSONAL PROPERTY
Replacement Cost New Factors
Types of Property Included in Factor Groupings
Cost Factor Table
Reference Number Property Type
Bakery,
9 Bottling,
Canneries, &
Fruit Packing
Brewing &
Distilling,
Cement, Clay
10 Products,
Glass, Logging,
Metal Working,
Mining & Milling
Chemical ,
Electrical Equipment
Manufacturing,
11 Paper, Motion
Picture &
Television,
Printing &
Woodworking
12 All Petroleum,
Textile
_r
Source: Marshal & Swift, October 1991
•
15-OPT-AS
ARL Vol 5 1-87
Revised 1-92
920724
/ , . • . . .
"PENDIX IV-A, Page 4
1992 PERSONAL PROPERTY
Replacement Cost New Factors
Cost Factor Table
Reference Numbers
Year
Acquired' 1 2 3 4 5 6
1971 291 292 262 278 255 268
1972 282 281 255 271 249 261
1973 272 272 245 260 241 251
1974 235 236 215 226 218 219
1975 210 211 195 208 203 198
1976 198 200 184 195 191 187
1977 188 190 177 185 182 179
1978 175 177 166 173 170 166
1979 160 162 154 157 156 153
1980 145 146 142 145 145 142
1981 132 132 130 133 132 130
1982 126 126 125 128 128 126
1983 124 123 123 125 125 123
1984 120 120 119 121 121 119
1985 119 118 118 119 119 117
1986 118 117 116 118 118 116
1987 116 116 114 115 116 114
1988 111 111 110 111 112 110
1989 105 106 105 105 106 105
1990 103 103 102 103 103 102
1991 100 100 100 100 100 100
Source: Marshall & Swift, October, 1991 .
15-DPT-AS
ARL Vol 5 1-87
Revised 2-92
920724
if
/If ' APPENDIX IV-A, Page 5
C. 1992 PERSONAL PROPERTY
Replacement Cost New Factors
Cast Factor Table
Reference Numbers
Year
Acquired' 7 8 9 10 11 12
1971 310 288 292 299 283 303
1972 299 279 282 289 275 292
1973 289 270 273 279 266 281
1974 249 232 235 238 229 238
1975 215 207 208 209 204 212
1976 202 195 197 197 193 201
1977 191 186 187 186 184 190
1978 178 174 174 173 173 176
1979 162 159 159 158 157 161
1980 147 145 144 144 140 145
1981 132 132 131 130 128 129
1982 125 126 125 123 124 121
1983 122 124 123 121 122 120
1984 119 120 120 118 119 118
1985 118 119 119 116 117 117
1986 117 118 118 116 117 117
1987 115 116 117 114 115 116
1988 112 111 111 111 109 112
1989 107 106 105 105 103 106
1990 103 103 103 102 101 104
1991 100 100 100 100 100 100
I
Source: Marshall & Swift, October, 1991
15-DPI-AS
ARL Vol 5 1-87
Revised 2-92
920721
APPENDIX IV-B, Page 1
Average Economic Life Guidelines
The average economic life guidelines are provided for assistance in
applying the percent good depreciation tables for each type of property
being valued. The economic life recommendations are based upon the Class
Life Asset Depreciation Range published by the Internal Revenue Service
and other sources. Further information about the guidelines may be found
in I .R.S. publication 534, "Depreciation" , available from the I .R.S.
The economic life guidelines are based on average national service lives
and assume normal use and maintenance of the property. Use of economic
lives that differ from those in the guidelines must be documented with
specific market information.
S • 15-OPT-AS
® ARL Vol 5 1-87
Revised 1-92
920724
• APPENDIX IV-B, Page 2
Recommended
Property Type Economic Life (years)
RESIDENTIAL/COMMERCIAL
Residential rental furnishings 10 '
Apartment, hotel and motel 10
COMMERCIAL
Wholesale Trade Level
Wholesale trade fixtures and equipment 9
Retail Trade Level
Retail trade fixtures and equipment 9
0-H:.n ,2i''5- , tR.0 ',`,L -�
Service Trade Level
Special service equipment:
Adding machines, calculators 6-:154-, 6
Amusement parks 12
Auto repair shops 10
Barber and beauty shops 10
Cable Television
Subscriber converters**,&cibs5 5
Test equipment (P,Lw 2r c .:),nuLl'a,:4g^L cvr,"1#`e't2' .
Origination equipmentet.ri&O-o r' it il?;Vi'`''i 9
Distribution & subscriber connection , f-c
equipment,D:c >: 'trrw,c ,. „,( t'.,�i.o. ii'rtGI?:^ 10
Headend equipment ��r„) i_ L - '�'� '_ ' r? It
Microwave systems -
Computers c
Construction equipment, general ,
Copiers and duplicators
Data handling, except computers 5
Electronic lab equipment ,
Laundry and dry cleaning 10
Office furniture 10
Professional services 9
Radio and television broadcasting
Recreation and amusement 1q
yFestaurant and bar (all ) 10
"1 Signs (Billboard) un_e_,,,! 20
Signs (Other) By Typical Business Life
•
** Source : Division of Property Taxation, Marshall & Swift, & I . .;. S.
._ ic
15-OPT-AD
ARL Vol 5 1-87
Revised 1-92
920723
PPENDIX IV-B, Page 3
Recommended
( Eauipment Tvoe Economic Life(vearsl
Service Trade Level
Telephones 10
Theater 10
Typewriters 6
Vending Machines 10
Video Games 6
i/��
INDUSTRIAL 4, -
J
Manufacturing Trade Level
Aerospace 10
Apparel and fabricated textiles 9
Bakeries and confectionary 12
Brewery 12
Canneries and frozen food 12
Cement manufacture 20
Cereal , flour, grain and mill products 17
Chemicals and related products 10
Clay and gypsum products 15
Concrete manufacture 15
Dairy products manufacturing 12
Electrical equipment manufacturing 10
Electronic equipment manufacturing 6
Fabricated metal products 12
Special tools
Food and beverage production 12
Special handling devices
Glass and class products 14
'Jewelry 12
Lumber, wood products and furniture 10
Machinery (not listed in this section) 1C
Meat packing 12
Motion picture and television production 12
Paint and varnish 10
Plastics and plastic products 11
Printing and publishing 11
Professional and scientific instruments 10
Paperboard and pulp 10
Rubber products 14
Special tools
** Source: Division of Property Taxation, Marshall a Swift . & I . R. S .
15-DPT-AS
ARL Vol 5 1-37
Revised 1-92
920 fl1
APPENDIX IV-B, Page r
( Recommended
Eguioment Type
Economic Life(vearsl
Manufacturing Trade Level
Semi -conductor manufacturing** 5
Research and development** 3
Test equipment** 5
Wafer fabrication** 3
Soft drink bottling 12
Steel and related products 15
Stone products 15
Sugar and sugar products 18
NATURAL RESOURCES
Mining-Metallic and Nonmetallic
Mining, quarrying, and milling equipment 10
Petroleum and Natural Gas
Exploration, drilling 6
Production
Marketing, wholesale 14
9
Marketing, retail 9
Refining 15
Timber
Logging E
Sawmills, permanent 10
Sawmills, portable 5
** Source : Division of Property Taxation, Marshall a Swift, & I . R. S .
1E-DPI-AD
ARL Vol 5 1-87
Revised 1-92
9 .1
APPENDIX IV-C, Page 1
PERCENT GOOD TABLE
The personal property percent good table is provided to assist the
assessor in estimating the replacement cost new less normal depreciation
(RCNLD) . The column hey s represent t e average service lift —
exlrctancy of the personal property being appraised. Each column
contains the percent good factor for a specified age in the life of the
property.
Percent good tables measure the value remaining in an item. Depreciation
tables measure the loss in value at a specified age. The factor shown in
the columns of the percent good table represents the percentage of RCN
remaining at a specified age.
The percent good tables are built upon several assumptions :
1) Iowa State University property retirement and depreciation
studies
2) A specified rate of return
3) Average condition and usage of typical property
4) Use of the table for mass appraisal purposes only
The percent good table is generic in nature. It was designed to be
generally useful for the majority of personal property. It is not
specific to any particular industry or type of personal property. It is
valid on a mass appraisal basis only.
The table was designed to me sa'u e physical_ dPp.reCiation. Additional
functional and/or eco
nomic ot "iGscznc= may also exist .
exist, additional functional and If documented to
economic must must
be measured
in the marketplace either using the market approach cr rant loss
methods . in additi-en, any adjustments to the percent good due to the
condition of the subject property must be substantiated and documented.
The minimum percent good shown for each of the columns is useful as a
guide to residual value . It is not absolute and must be correlated with
market information for similar types of property to he valid . If ` .e-
marketplace- shows that the actual value of personal p - property i s
different than the published minimum percent goad, toe use os the
minimum percent good would be inapprop .riate The actual - value of the
personal property must be determined as long as the property is still in
use.
As the property under appraisal ages . the costo h bC2MES __
indicative of the property vague . After fifteen years �of a the
recommended valuation procedure is to measure the value of depreciated
equipment directly in the marketplace .
•
15-DPT-A5
ARL Vol 5 1-87
Revised 1-92
•
\PPENDIX IV-C, Page 2
To use the table, the assessor must determine the economic life and the
age of the subject property. The percent good may be determined by
moving across the columns until the one specified for the economic life
is reached and then down this column to the point that reflects the
effective age of the property.
Example:
Type of Economic Percent
Prooerty Life Ace RCN Good RCNLD
Office
Desks 10 years 6 years 51770 51% 5303
The assessor must also consider obsolescence, abnormal condition or
other factors that might affect the value of the equipment. The assessor
should also consider the frequency and extent of maintenance to the
property. Extensive maintenance or reconditioning of the property may
extend the economic life of the property just as a lack of maintenance
may shorten the economic life.
15-DPT-AS
ARL Vol 5 1-37
Revised 1-92
4224 w
}
` - -
/
APPENDIX IV-C, Page 3
'YP` Percent Good Table 1992J0-1
Average Economic fe
Age 3 4 5 6 7 8 9 10 11 12 13 14, 15 16 17 18 19 20 Age
n/1 68 76 82 85 88 90 91 92 93 94 95 95 96 96 97 97 97 98 1
9c2 38 53 63 70 75 79 82 85 87 88 90 91 92 93 93 94 94 95 2
E1?3 17 33 46 56 63 69 73 77 79 82 84 86 87 88 90 91 91 92 3
- 4 15 18 31 41 50 58 63 68 72 75 78 80 82 84 86 87 88 89 4
-5 15 19 30 39 47 54 60 64 68 72 75 78 80 82 83 85 86 5
- 6 15 19 28 37 44 51 57 62 66 69 72 75 77 80 81 83 6 F
15 20 29 37 43 50 55 60 64 67 70 73 76 78 80 7 F
N g 15 21 29 35 42 48 53 58 62 65 68 71 74 76 8 E
=` 9 15 21 28 34 41 47 52 56 0660 64 67 70 73 9 C
=;10 15 22 28 35 40 46 51 56 59 63 66 69 10 T
SI
%11 15 23 28 35 41 46 50 54 58 62 65 11 V
-x'12 19 24 28 35 40 45 49 54 58 61 12 E
=-13 15 20 25 31 35 40 43 49 54 57 13
=-,14 15 22 25 31 37 40 46 50 53 14
=_15 17 20 26 32 37 41 45 49 15 A
G
-16 15 18 21 27 32 37 41 45 16 E
17 15 20 22 28 33 37 41 17
' 18 15 22 24 29 33 37 18
=19 18 20 25 29 34 19
20 15 17 21 26 30 20
- 21 17 18 23 27 21
22 15 16 20 24 22
-23 15 17 21 23
24 15 19 24
25 17 25
26 15 26
Source: Division of Property Taxation
15-OPT-AS
ARL Vol 5 1-87
Revised 2-92
APPENDIX IV-D, Page 1
LEVEL OF VALUE ADJUSTMENT FACTORS
Appendix IV-D contains the index table for adjusting current actual
values of personal property to the level of value in effect for real
property as specified by 39-1-104(12.3) (a) (I) , C. R.S . The procedure
involves the multiplication of the current actual value estimate by the
appropriate factor for the type of property being valued.
Example:
Current 6/30/90 j
Type of Factor Actual Level of
Property Number Value Factor %
Value
Office
Desks 3 5903 98% 5885
PERSONAL PROPERTY
ADJUSTMENT FACTOR FOR 1992 ASSESSMENT YEAR
June 30, 1990 Level of Value
Factor Table
Reference Number Reverse Index %
1 . 98
2 . 97
.98
a .98
5 . 97
6 . 98
7 .97
8 . 97
9 52
10 . 98
li 95
12 . 9
15-DPT-AS
ARL Vol 5 1-87
Revised 1-92
920724
2_ Volume 3 E`, Vlt
Section V, page 5.12
Although it is probable that the future use of the property may be
residenpresent ial or commercial , it use should remain
use on thee assessment date is for farm uingoru o
ranching as defined
by 39-1-102(3.5) or (13.5) , C.R.S.
There are two Colorado Court of Appeals decisions that involve the
subdividing and selling of lots that were previously classified as
agricultural land. These cases are instructive.
In Thousand Peaks Timber & Ranch Corp. v. Board of Assessment Appeals,
(Colo. App. No. 87CA1044, October 27, 1988) , the Court held that land is
not agricultural land within the meaning of Colorado statute where the
primary use of the land is for the sale of lots. In this case, the
subject properties had been subdivided into lots that were in the
tprocess
hanhalff being
of the lots had been sold land�theg remaining lunsold clots Mwere
listed with real estate brokers. The Court affirmed the decisions of
the district court and the Board of Assessment Appeals that the primary
use of the land was the sale of lots.
In Berry et al v. Board of Assessment Appeals, (Colo. App. No. 87CA1327,
November 10, 1988) , the Court held that Colorado statute does not
require the property owner to graze his awn livestock on the property
for his own primary purpose of profit. In this case, the subject
property owners purchased their lots from a rancher who had subdivided
and sold the land in 35 acre parcels. At the time of sale, the buyers
signed a lease agreement giving the rancher seller the right to continue
grazing the land for the rent of one dollar per acre per year. The fact
that the land had been subdivided and sold in smaller parcels did not
disqualify the land from being agricultural land when the use was
primarily for grazing livestock, even though the owners were not using
the land for grazing livestock.
Eqq Production Operations Are Farms
In Morning Fresh Farms Inc. v. Weld County BOE. et al , 794 P.2d 1075
(Colo App 1990) , the Colorado Court of Appeals ruled that egg production
operations meet the statutory definition of a farm as stated in 39-1-
102(3.5) , C.R.S. Further, these operations produce eggs which meet the
statutory definition of agricultural and livestock products as stated in
39-1-102(1 . 1) .
15-DPT-AS
PUB ARL VOL 3 1-89
Revised 1-91
9
Section V, page 5.13
Joe
l The court concluded that the eggs are an "animal product" in a "raw or
unprocessed state" and they are sold for a monetary profit. Pursuant to
this decision, all land devoted to egg production operations should be
designated and valued as agricultural land. For additional information
regarding the assessment of agricultural equipment associated with egg
production operations, please refer to ARL Volume 5, Section II titled
PERSONAL PROPERTY DISCOVERY, LISTING AND VALUATION.
Separate Parcel for Storage and/or Processing of Crops
Two situations may occur where a parcel of land with improvements are
separated from the farm but are used in conjunction with it. First, a
farmer may deed to himself a small tract on his farm containing a crop
storage building. This is done for similar financial reasons as when
the home is deeded separately. In a related situation, a farmer may
purchase a storage building and a small tract of land surrounding it
from another person. This property may be located adjacent to the
purchaser's own farm or may be located several miles down the road.
In the first instance, the classification of the separately deeded land
underlying the crop storage building depends on whether the building is
still a part of the farm operation. If it is used primarily to store
crops grown on the owner's farm, the underlying land must be designated
as agricultural . The storage building is still an active part of the
farm, or at least, an ancillary part of it. Because it is part of the
farm operation, the fact that there is a separate deed for the land
underlying the storage facility is irrelevant in determining whether the
land is agricultural . The agricultural land definition 39-1-
102(1 .6) (a) , C.R.S. , states in part, "[a]gricultural land. . .also
includes the land underlying other improvements if such improvements are
an integral part of the farm or ranch and if such other improvements and
the land area dedicated to such other improvements are typically used as
an ancillary part of the operation. "
In the second instance, a farmer may purchase an existing crop storage
building located on another farm to store crops grcwn on his own farm.
The land underlying the storage facility should be designated as
agricultural if all the following conditions are met:
1 . The storage facility is used primarily to store crops grown
on the purchaser's farm.
2 . It is not used primarily to derive rental income from storing
crops grown by others.
3. It is located on land which was classified or eligible for
classification as "agricultural land" consistent with
15-DPT-AS
PUB ARL VOL 3 1-89
Revised 1-91
1�_ SU Lunn y
Section II, page 2.20
TAXABLE OR EXEMPT
All property in the state is taxable unless specifically exempt by law.
The types of personal property exempt from taxation were listed in
SECTION I, APPLICABLE PROPERTY TAX LAWS. What follows are the specific
definitions of the exempt property and the applications of these
exemptions by the assessor. All exemptions from property taxation are
strictly construed and courts have held that the taxpayer has the
responsibility to prove that property is exempt.
Agricultural
Agricultural and Livestock Products
39-1-102(1.1) C.R.S.
This definition includes all plant or animal products in the raw or
unprocessed state. These would include, but are not limited to products
such as, alfalfa, all grains, eggs, milk, and fruit. All of these
products are exempt from ad valorem taxation. Any items not qualifying
as agricultural . and livestock products or any processed products may
qualify for exemption as "inventories or merchandise and materials
primarily held for sale".
Agricultural Equipment Used on the Farm or Ranch 39-1-102(1.3) C.R.S.
All of the following qualifications must be met for the property to
exempt as agricultural equipment: ce
1 . With one exception, the agricultural equipment must be per::nai
property to be exempt. Fixtures, as defined in 39-1-102(4` ;
C.R.S. are to be valued as part of the building or structure
and are assessed at 29%. However, any mechanical system use: on
the farm or ranch for the conveyance and storage of animal
products in a raw or unprocessed state is exempt reaardie:_whether or not it is affixed to real property.
2 . The equipment must be used on a farm or ranch,
that is, land where agricultural products are originated
from the productivity of the land or which is
grazed by domestic animals.
3 . Only equipment which is used to plant, grow
or harvest an agricultural product, raise or breed livestz:e
or mechanical systems which are used to convey and store a. c:al
products in a raw or unprocessed state shall be exempt.
15-OPT-AS •
PUB ARL VOL 5 2-89
Revised 1-91
920724
Section II, page 2.21
It is very important that the assessor understand the terms farm and
ranch when classifying agricultural personal property because only that
personal property used on a farm or ranch is exempt. The specific
definitions for the terms "farm" or "ranch" are found in 39-1-102(3.5)
and 39-1-102(13.5) C.R.S.
Any agricultural property which does not meet the definition of a farm
or ranch is classified as "all other agricultural property" and valued
according to the three approaches to value. This includes the personal
property used on such operations.
An exception to this policy involves personal property associated with
an BOE,egg production 2de1075o(Colo App Morning
1990),esh theFarms
Colorado Court Weld
of Appeals
ruled that egg handling equipment, items used in cleaning chicken
houses, and items used to vaccinate chickens were exempt from personal
property taxation. In reaching this decision, the court ruled that the
portion of the farm devoted to egg production met the statutory
definition of farm as set forth in 39-1-102(3.5) , C.R.S.
Types of operations included in the "all other agricultural property"
N.category are apiaries, feedlots, dairies, confinement hog or poultry
operations (except egg production operations) and greenhouses. However,
the operation must not have sufficient land committed to a growing or
grazing activity to support (through the land's productivity) the
agricultural product produced. A complete discussion of the valuation of
agricultural lands is found in the ARL VOLUME 3, SECTION V - VALUATION
OF AGRICULTURAL LAND.
Livestock 39-1-102(7.8) C.R.S.
Livestock includes all animals. The animals need not be used on a farm
or ranch to be exempt. Therefore, such animals as guard dogs, race
horses, bees or racing dogs are exempt as livestock as well as cows,
hogs or chickens .
15-OPT-AS
PUB ARL VOL 5 2-89
Revised 1-91
920724
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03/09/92
National Farms, Inc. - 1992 Page 35
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Year through 12/31/92 Ca
Book Schedule •
Natl. Hog Farm - Finishing ,.
Sec179 Prior Yr Current Annual Depr Through
Num Description Date Svc Method Lf Cost Bonus Accum Dep Year Dep Net Book Cur Per 12/31/92
00439 FINISH COMPLEX UNIT #1 09/30/89 S/L 12 1 585,674 / 0 109,814 48,806 427,054 4,069 48,806
00440 FINISH COMPLEX UNIT #2 09/30/89 S/L 12 \ 648,217/ 0 121,541 54,018 472,658 4,496 54,018
00544 UNIT #3 FINISHING 04/30/90 M ALT10 12 555,202. 0 69,400 46,267 439,535 3,851 46,267
00572 UNIT #4 FINISHING BUILD 05/31/90 M ALTIO 12 \ 548,971 0 68,622 45,748 434,601 3,816 45,748
00648 UNIT #5 FINISHING 08/31/90 M ALT10 12 1' 31,011 0 66,377 44,251 420,386 3,683 44,251
00649 UNIT #6 FINISHING 08/31/90 M ALT10 12 526,090 0 66,011 44,007 418,072 3,670 44,007
00689 UNIT 7 FINISHING 10/31/90 M ALT10 12 508,127 0 63,516 42,344 402,267 3,525 42,344
/
00690 UNIT 8 FINISHING 10/31/90 M ALT10 12 5 4, 63 0 68,070 45,380 431,113 3,778 45,380
00691 UNIT 9 FINISHING 10/31/90 M ALT10 12 55 , 89 0 69,324 46,216 439,049 3,855 46,216
00817 Unit 10 Finishing Bldg 01/31/91 M ALT10 12 54 846 0 22,619 45,237 474,990 3,767 45,237
00818 Unit 11 Finishing bldg 01/31/91 M ALT10 12 54 013 0 22,709 45,418 476,886 3,783 45,418
00819 Unit 12 Finishing Bldg 01/31/91 M ALT10 12 5 , 46 0 23,314 46,629 489,603 3,883 46,629
00868 Load out Building 05/31/91 M SL 15 15 0, 11 0 1,020 2,041 27,550 171 2,041
00869 Load out corrals 05/31/91 M SL 15 15 10, 2 0 337 675 9,110 59 675
00927 CONCRETE LOADCUT DOCK 11/05/91 M SL 15 15 1,324 0 44 88 1,192 11 88
00943 LOADOUT CORRALS - ADD ON 12/15/91 M SL 10 10 2,548 0 127 255 2,166 24 255
05 - Buildings (1) 6,696,457E 0 772,845 557,380 5,366,232 46,441 557,380
70159 JD MOTORGRADER W/VEE PLO 11/28/88 M SL 7 7 /38 625' 0 22,077 5,518 11,030 458 5,518
30176 AUGMENTATION METER INSTR 01/24/89 M SL 7 7 -1,094- 0 390 156 548 13 156
)0351 EQUIP FINISH COMPLEX #1 09/30/89 S/L 12 697,770' 0 130,833 58,148 508,789 4,842 58,148
30352 EQUIP FINISH COMPLEX #2 09/30/89 S/L 12 696,204' 0 130,538 58,017 507,649 4,832 58,017
)0393 FINISH COMPLEX UNIT #1 10/31/89 S/L 12 _ 3,654' 0 661 305 2,688 30 305
10510 ILLS FAT-TEST 03/08/90 M ALT 5 5 532' 0 159 106 267 7 106
10547 UNIT #3 FINISHING EQUIP 04/30/90 M ALT 7 12 696,2047 0 87,025 58,017 551,162 4,832 58,017
10566 EXCELL PRESSURE WASHER 05/08/90 M ALT 7 10 1,133- 0 170 113 850 14 113
10576 TWO HOG SCALES 05/21/90 M ALT 7 10 1,257 - 0 190 127 950 6 127
0577 UNIT #4 FINISHING EQUIP 05/31/90 M ALT 7 12 696,204d 0 87,025 53,017 551,162 4,832 58,017
10654 EQUIP - UNIT 5 08/31/90 M ALTIO 12 696,204 0 87,025 58,017 551,162 4,832 58,017
10655 EQUIP - UNIT 6 08/31/90 M ALT10 12 696,204 ' 0 87,025 58,017 551,162 4,832 58,017
10693 UNIT 7 FINISHING EQUIP 10/31/90 M ALT 7 12 696,204 ' 0 87,025 58,017 551,162 4,832 58,017
X0694 UNIT 8 FINISHING EQUIP 10/31/90 M ALT 7 12 696,204 ' 0 87,025 58,017 551,162 4,832 58,017
10695 UNIT 9 FINISHING EQUIP 10/31/90 M ALT 7 12 696,204-' 0 87,025 58,017 551,162 4,832 58,017
8704 WHEY TANK UNIT #1 11/30/90 M ALT 7 12 17,950 , 0 2,244 ,496 14,210 121 1,496
'0705 WHEY TANK UNIT #2 11/30/90 M ALT 7 12 22,474 0 2,809 1,873 17,792 157 1,873
10706 WHEY TANK UNIT #3 11/30/90 M ALT 7 12 22,328/ 0 2,791 1,861 17,676 156 1,861
0707 WHEY LINE UNITS 1-12 11/30/90 M ALT 7 12 37,473,/ 0 4,684 3,123 29,666 263 3,123
0708 68 CHUTES IN FINISHING 11/30/90 M ALT 7 12 25,746 0 3,218 2,145 20,383 176 2,145
0807 Pnew-Save controls 01/24/91 M SL 7 7 20,805 0 1,486 2,972 16,347 244 2,972
0820 3 500# Hog Scl w./sgl gat 01/08/91 M SL 7 7 1,694 0 121 242 1,331 22 242
0821 Unit 10 Finishing Equip. 01/31/91 M ALTIO 12 696,204' 0 29,008 58,017 609,179 4,832 58,017
0822 Unit 11 Finishing Equip. 01/31/91 M ALT10 12 696,204' 0 29,008 58,017 609,179 4,832 58,017
0823 Unit 12 Finishing Equip. 01/31/91 M ALT10 12 696,204 0 29,008 58,017 609,179 4,832 58,017
0849 500 LB Hog Scales 03/12/91 M SL 7 7 1,130' 0 81 161 888 18 161
0872 52 Finishing chutes 05/31/91 N SL 7 7 21,837/ 0 1,560 3,120 17,157 260 3,120
0873 Whey Lines 05/31/91 M SL 7 7 3,554' 0 254 508 2,792 46 508
0874 Washer and Dryer 05/31/91 M SL 7 7 651 ' 0 46 93 512 5 93
0875 Two Scales at Units 05/31/91 M SL 7 7 18,779 / 0 1,341 2,683 14,755 219 2,683
0921 Pivoting handle 10/09/91 M SL 7 7 2,958 / 0 211 423 2,324 p 38 ry� 423
Cr.::a Emu's!,
ti72072j
•
03;09/92 National Farms, Inc. - 1992 Page 36
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Year through 12/31/92
Book Schedule
Natl Hog Farm - Finishing
Sec179 Prior Yr Current Annual Depr Through
Num Description Date Svc Method Lf Cost Bonus Accum Dep Year Dep Net Book Cur Per 12/31/92
20 - Equipment (1) Cpra:.+knOb8,59 0 1,002,063 723,360 6,874,275 60,247 723,360
00702 Wilson Trailer 02/04/91 M SL 5 5 7,778 0 778 1,556 5,444 126 1,556
00716 1967 AMERICAN TRAILER 11/27/90 M ALT 5 5 2,750 0 825 550 1,375 44 550
00810 Tommy Lift Gate 03/05/91 M SL 5 5 1,047 0 105 209 733 22 209
00881 TOMMY LIFT GATE 05/29/91 M SL 5 5 1,047 0 105 209 733 22 209
00922 Used Utility Trailer 10/29/91 M SL 5 5 900 0 90 180 630 15 180
30 -.Transportation Equipment 13,522 i^l% 0 1,903 2,704 8,915 229 2,704
LOCATION 7100 TOTAL 15,309,677 0 1,776,811 1,283,444 12,249,422 106,917 1,283,444
• u' '
03/09/92 National Farms, Inc. - 1992 Page 38
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Year through 12/31/92
Book Schedule
Had Hog Farm - Farrowing
Sec179 Prior Yr Current Annual Depr Through
Num Description Date Svc Method Lf Cost Bonus Accum Dep Year Dep Net Book Cur Per 12/31/92
00244 CABINETS UNIT #2 07/12/89 M SL 7 7 394 /0 140 56 198 1 56
00245 TWO OFFICE DESKS 07/15/89 N SL 7 7 468«'- 0• 167 67 234 1 67
00246 TWO SECRETARY CHAIR 07/15/89 M SL 7 7 247 CC--00. 88 35 124 2 35
00258 THREE MOBILE RADIOS 07/07/89 M SL 7 7 1,335 _.,1- (0 477 191 667 15 191
00259 CABINETS UNIT #2 07/17/89 M SL 7 7 340,` 0 122 49 169 5 49
00260 WASHER,DRYER,RANGE, REFR 07/20/89 M SL 7 7 1,522 v‘O 543 217 762 19 217
00264 LIVESTOCK TRAILER 08/07/89 M SL 5 5 3;240 0 1,635 654 981 49 654
00318 GR SOURCE HEAT PUMP HSE 09/30/89 M SL 5 5 81.499l:"; 0 4,100 1,640 2,459 133 1,640
00328 EMT-1 PUMP HOUSE 10/31/89 M SL 7 7 25,127X' 0 8,975 3,590 12,562 301 3,590
00345 WASHER, DRYER 10/11/89 M SL 7 7 572 =:j 'y�y0 205 82 285 5 82
00346 RANGE, REFRIGERATOR 10/11/89 M SL 7 7 877:9 /0 313 125 439 15 125
00347 GR SOURCE HEAT PUMP HSE 07/30/89 M SL 7 7 .8.,1.92 KG 0 2,928 1,171 4,100 93 1,171
00353 ALPINE CABINETS 09/13/89 M SL 7 7 2,321,-,;. v> 0 830 332 1,159 24 332
00354 LAB CABINETS 09/13/89 M SL 7 7 340'< 0 122 49 169 5 49
00355 LAB CABINETS 09/13/89 M SL 7 7 34000 0 122 49 169 5 49
00356 WATER HEATER 09/14/89 M SL 7 7 2;919rC 0 1,042 417 1,460 32 417
00357 DESK & CHAIR 09/12/89 M SL 7 7 358 -0-10 128 51 179 7 51
00358 WASHER,DRYER,RANGE & REF 09/30/89 M SL 7 7 1,490 )t[,'so 532 213 745 15 213
00359 EQUIP FARROW COMPLEX #3 09/30/89 S/L 12 623,594 '•
, 0 116,924 51,966 454,704 4,325 51,966
00371 EQUIP FARROW COMPLEX #4 10/31/89 S/L 12 623,594✓7` 0 112,593 51,966 459,035 4,325 51,966
00372 DESK 10/25/89 M SL 7 7 234L -'+`�0 83 33 118 0 33
00373 SEWAGE PIT HOUSE #3 10/31/89 M SL 7 7 1-167- , .0 417 167 583 13 167
00408 TOMMY GATE 11/27/89 M SL 7 7 1,051 0 375 150 526 7 150
00409 ANDERSON-HICKEY DESK 11/29/89 M SL 7 7 234 :' = 0 83 33 118 0 33
00437 WALK ON TRAILER 11/17/89 M SL 5 5 12,600 - 0 6,300 2,520 3,780 210 2,520
00451 DESK 01/08/90 M ALT 7 7 ' 234 '0 50 33 151 0 33
00452 WIRING REFRIG TRAILER 01/03/90 M ALT20 10 4;'131 0 620 413 3,098 39 413
00466 APPLIANCES EMP HOUSE #7 01/01/90 M ALT 7 5 1,4L9- 0 435 290 724 26 - 290
00496 EQUIP FARROW UNIT #6 01/31/90 M ALT 7 7 623,594 0 133,627 89,035 400,882 7,421 89,085
00503 DESK UNIT #9 03/16/90 M ALT 7 7 : 246 - 0 53 35 158 2 35
00509 WASHER,DRYER,REFRIGERATO 03/01/90 M ALT 7 7 .1,471 . .0 315 210 946 12 210
00520 EQUIP FARROW COMPLEX #9 03/31/90 N ALT10 12 ;623,594•.,0 _,0 77,949 51,966 493,679 4,325 51,966
00538 SECRETARY DESK & CHAIR 04/06/90 M ALT 7 10 .; 375 '0 57 38 280 5 38
00548 UNIT #8 FARROWING EQUIP 04/30/90 M ALT10 12 C623,594A 0 77,949 51,966 493,679 4,325 51,966
00549 WHEY TANKS UNIT #2 04/30/90 M ALT 7 15 .:17,716w\ 0 1,772 1,181 14,763 103 1,181
00550 PROPANE TANKS UNIT #2 04/30/90 M ALT 7 10 5,221 733 522 3,916 38 522
00551 WHEY TANKS UNIT #1 04/30/90 M ALT 7 15 . 17,417 ' 0 1,742 1,161 14,514 94 1,161
00565 WASHER,DRYER,RANGE & REF 04/13/90 M ALT 7 10 / 1,571 •- x'0 236 157 1,178 14 157
00578 ANDERSON HICKEY DESK 05/23/90 M ALT 7 10 s 246 .:,.. 0 37 25 184 3 25
00579 TWO HOG TRAILERS/SCALES 04/20/90 M ALT 7 10 /12,450 .i,- 0 1,868 1,245 9,337 101 1,245
00580 WASHER,DRYER,RANGE,REFRI 05/04/90 M ALT 7 10 /1,505 .'0 226 151 1,128 8 151
00581 UNIT #7 FARROWING EQUIP 05/31/90 M ALT 7 12 ,623,594 0 77,949 51,966 493,679 4,325 51,966
00582 UNIT #5 FARROWING EQUIP 11/30/89 S/L 12 : 623,594 - 0 108,263 51,966 463,365 4,325 51,966
00583 FARM KING GRAIN AUGER 05/15/90 H ALT 7 10 1,344 0 201 134 1,009 13 134
00598 FEED CART 05/31/90 H ALT 7 10 ;959 0 144 96 719 8 96
00599 WEED EATER 06/13/90 M ALT 7 10 • 387 • ..0 58 39 290 6 39
00600 WASHER,ORYER,RANGE,FRIG 06/13/90 M ALT 7 10 , 1,497 0 225 150 1,122 7 150
00634 DESK & CHAIR 07/13/90 M ALT 7 10 /375 ,,, -:) 57 38 280 5 38
00638 FARROWING EQUIP UNIT #10 07/31/90 M ALT10 12 ;623,594,C 0 77,949 51,966 493,679 4,325 51,966
00641 APPL IN EMP HOUSE #11 08/06/90 M ALT 7 10 1,SQ__ Ct 0 227 151 1,132 8 151
00656 UNIT #11 FARROWING EQUIP 08/31/90 M ALT10 12 /623,594 X 0 77,949 51,966 493,679 4,325 51,966
00658 DESK & CHAIR 08/17/90 M ALT 7 10 /375 ce4 -"3CI 57 38 280 5 38
L 920724
03/09/92 National Farms, Inc. - 1992 Page 39
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Year through 12/31/92
Book Schedule
Nati Hog Farm - Farrowing •
Sec179 Prior Yr Current Annual Depr Through
Num Description Date Svc Method Lf Cost Bonus Accum Dep Year Dep Net Book Cur Per 12/31/92
00667 EMP HOUSING PLAYGROUND 09/30/90 H ALT 7 10 110,918 �'0 1,638 1,092 8,188 91 1,092
00668 UNIT #12 FARROWING EQUIP 09/30/90 M ALT 7 12 ,/623,594' t„,0 77,949 51,966 493,679 4,325 51,966
00669 DESK & CHAIR 09/17/90 M ALT 7 10 ./3750 0 57 38 280 5 38
00670 APPLIANCES EMP HOUSE #12 08/18/90 M ALT 7 10 1,5[3 Hti✓ 0 231 154 1,158 11 154
007C9 20 CHUTES IN FARROWING 11/30/90 M ALT 7 12 1 7,572 1 0 946 631 5,995 48 631
00712 WALK ON TRAILER 10/16/90 M ALT 5 5 ✓4,800 x 0 1,440 960 2,400 80 960
00805 Stec Generator 03/12/91 M SL 7 7 7,000(// 0 500 1,000 5,500 87 1,000
00876 4 Farrowing Chutes 05/31/91 M SL 7 7 1,6801 0 120 240 1,320 20 240
00877 Water Well #3 05/31/91 M SL 7 7 193,.682 , 0 7,350 14,700 80,849 1,225 14,700
00879 GENERATOR CONVERTED 06/28/91 M SL 7 7 4,183✓ 0 299 598 3,286 48 598
00903 1972 Wilson Trailer 09/30/91 M SL 5 5 7,900/ 0 790 1,580 5,530 128 1,580
00911 FOR EXT-Nurse Feed Test 09/25/91 M SL 7 7 1,824✓ 0 130 261 1,433 19 261
00923 Processing carts 10/29/91 M SL 7 7 2,377✓ 0 170 340 1,867 32 340
00924 Bottom Bars for Breeding 10/11/91 H SL 7 7 1,166v/ 0 83 167 916 13 167
20 - Equipment (1) ,..1)p,r YGl.:Ec�-I E�La�. 7,806,980-_ 0 1,269,355 704,118 5,833,507 58,561 704,118
R` I
00162 1989 CHEV PICKUP 04/11/89 H SL 5 5 9,887 0 4,943 1,977 2,967 162 1,977
00195 1986 GMC PICKUP 06/05/89 M SL 5 5 6,170 0 3,085 1,234 1,851 101 1,234
00237 TWO TOMMY GATES 06/28/89 M SL 5 5 2,101_; 0 1,050 420 631 35 420
00307 1983 FORD PICKUP 09/12/89 M SL 5 5 5,871 , 0 2,935 1,174 1,762 96 1,174
00361 TOMMY GATE-1983 FORD PU 09/28/89 M SL 5 5 Y051 / 0 525 210 316 12 210
00362 TOMMY GATE-1985 FORD PU 09/28/89 H SL 5 5 1,051 " 0 525 210 316 12 210
00397 1983 CHEV PICKUP 11/03/89 M SL 5 5 2,800 0 1,400 560 840 43 560
00455 TOMMY GATE ON 83 CHEVY 01/16/90 M ALT 5 5 L-1,051 . 0 315 210 526 12 210
00456 1983 CHEVY PICKUP 01/03/90 M ALT 5 5 3,500 0 1,050 700 1,750 62 700
00473 1985 CHEVY PICKUP 01/29/90 M ALT 5 5 3,300 0 990 660 1,650 55 660
00474 1981 CHEVY PICKUP 01/29/90 M ALT 5 5 1,900 0 570 380 950 28 380
00475 1979 CHEY PICKUP 01/29/90 M ALT 5 5 1,900 0 570 320 950 28 380
00505 TOMMY GATE 03/14/90 M ALT 5 5 9_48 0 285 190 473 14 190
0050 1981 GMC PICKUP 04/18/90 M ALT 5 5 2,000 0 600 400 1,000 37 400
00541 TOMMY GATE 04/03/90 M ALT 5 5 . 911 1, 0 285 190 473 14 190
00555 TOMMY GATE 04/27/90 M ALT 5 5 .94 8 0 285 190 473 14 190
00622 TOMMY GATE 06/07/90 M ALT 5 5 /948 0 285 190 473 14 190
00623 1985 GMC PICKUP 06/13/90 M ALT 5 5 3,500 0 1,050 700 1,750 62 700
00624 1985 CHEVROLET PICKUP 06/12/90 N ALT 5 5 3,500 0 1,050 700 1,750 62 700
00625 1985 CHEVROLET PICKUP 06/12/90 M ALT 5 5 3,500 0 1,050 700 1,750 62 700
00626 3 TOMMY GATES 06/21/90 M ALT 5 5 2,843 ' 0 853 569 1,421 52 569
00882 84 CHEV PICKUP 06/24/91 M SL 5 5 2,800 0 280 560 1,960 43 560
00883 86 CHEV PICKUP 06/24/91 M SL 5 5 3,600 0 360 720 2,520 60 720
00892 1973 CIIEV PICKUP 08/21/91 M SL 5 5 1,500 0 150 300 1,050 25 300
30 - Transportation Equipment 6:-&-t7 0 24,491 13,524 29,602 1,105 13,524
00527 608 boars 03/15/90 M SL 3 3 „309,914 0 154,957 103,305 51,652 8,606 103,305
00528 6860 purchased sows 03/15/90 H SL 3 3 1,344,622 0 672,311 448,207 224,104 37,346 448,207
00681 2849 RAISED SOWS 09/15/90 H SL 3 3 284,900 0 143,570 94,967 46,363 7,913 94,967
00829 129 BOARS 01/15/91 M SL 3 3 ',79,260 0 13,210 26,420 39,630 2,198 26,420
00830 23 Purchased Sows 01/15/91 M SL 3 3 \8!625 0 1,437 2,875 4,313 235 2,875
00831 3911 RAISED SOWS 01/15/91 M SL 3 3 39 100 0 65,183 130,367 195,550 10,863 130,367
00887 142 RAISED SOWS 05/15/91 M SL 3 3 } 200 0 2,367 4,733 7,100 399 4,733
00913 67 Roars Purchased 09/15/91 M SL 3 3 41 770 0 6,962 13,923 20,885 AM6iikessr41923
tatAtoW,:fte-it
03/09/92 National Farms, Inc. - 1992 Page 40
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Year through 12/31/92
Book Schedule
Batt Hog Farm - Farrowing
Sec179 Prior Yr Current Annual Depr Through
Num Description Date Svc Method Lf Cost Bonus Accum Dep Year Dep Net Book Cur Per 12/31/92
00914 12 Purchased Sows 09/15/91 M SL 3 3 4,500 0 750 1,500 2,250 125 1,500
00915 1597 Raised Sows 09/15/91 M SL 3 3 19,100 0 26,617 53,233 79,850 4,437 53,233
00931 86 purchased sows 11/15/91 M SL 3 3 32; 50 0 5,375 70,750 16,125 894 10,750
00932 970 RAISED SONS 11/15/91 M SL 3 3 97{000 0 16,167 32,333 48,500 2,699 32,333
00933 70 BOARS 11/15/91 M SL 3 3 46,390 0 7,732 15,463 23,195 1,284 15,463
00939 427 RAISED SONS 12/15/91 M SL 3 3 42,700 0 7,117 14,233 21,350 1,187 14,233
50 - Livestock 2,856,931 0 1,123,755 952,309 780,867 79,349 952,309
LOCATION 7110 TOTAL 19,969,862 P 3,756,285 2,380,633 13,832,944 198,244 2,380,633
920724
•
03/09/92 National Farms, Inc. - 1992 Page 41
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Year through 12/31/92
Book Schedule
Natl Hog Farm - Feed Mill ,
Sec179 Prior Yr Current Annual Depr Through
Num Description Date Svc Method Lf Cost Bonus Accum Dep Year Dep Net Book Cur Per 12/31/92
00368 FEED MILL BUILDING 10/31/89 M SL 20 20 1,015733 0 126,967 50,787 837,979 4,235 50,787
00463 FEED MILL OFFICE 03/31/90 S/L 27 44;716 0 2,898 1,656 40,162 138 1,656
05 - Buildings (1) 1,060,449 . 0 129,865 52,443 878,141 4,373 52,443
00294 TRUCK SCALE 08/31/89 S/L 12 31;772V- 0 6,179 2,648 22,945 217 2,648
00335 TRUCK PROBE 10/25/89 M SL 5 5 9,677- 0 4,838 1,935 2,904 164 1,935
00336 GRAIN SCALES 10/02/89 M SL 7 7 1,694v 0 605 242 847 22 242
00337 MOISTURE TESTER & PRINTE 10/09/89 M SL 7 7 3,678- 0 1,313 525 1,840 41 525
00344 WASHER & DRYER 10/11/89 M SL 7 7 562 ✓ 0 200 80 282 3 80
00376 FEED MILL EQUIPMENT 10/31/89 S/L 12 492,-+95 0 88,868 41,016 362,311 3,418 41,016
00377 HYDRAULIC PALLET TRUCK 10/31/89 M SL 5 5 556 - 0 278 111 167 12 111
00395 PORTABLE SCALES 11/03/89 M SL 7 7_______335.%,. 0 120 48 167 4 48
00460 FORKLIFT 01/11/90 M ALT 7 10 6,489' i 0 973 649 4,867 55 649
'�
00498 A T & T TELEPHONE 02/07/90 M ALT 7 5 91 0 27 18 46 4- 18
00506 DETECTO SCALE 03/06/90 M ALT 7 10 762)V/. 0 114 76 572 10 76
00584 FAT PUMP 05/25/90 M ALT 7 10 1,655_): 0 249 166 1,240 12 166
00824 Fat tank #2 01/31/91 M SL 7 7 32,389' ,; 0 2,313 4,627 25,449 381 4,627
00827 Fat Tank #2 05/31/91 M SL 7 7 4,091 ' '- 0 292 584 3,215 45 584
00925 Winch Harness 09/24/91 M SL 7 7 2,467 0 176 352 1,939 33 352
20 - Equipment (1) !_iil'}i_ 588x,413 0 106,545 53,077 428,791 4,413 53,077
00160 IBC FEED TRUCK C8C - 198 03/17/89 M SL 5 5 45,304 0 22,652 9,061 13,591 756 9,061
00178 FEED BOX FOR TRUCK 03/17/89 M SL 5 5 16,045 0 8,023 3,209 4,813 272 3,209
00197 AM-FM TRUCK RADIO 04/27/89 M SL 5 5 ;145 0 73 29 43 7 29
00330 79 GMC BRIGADIER TRUCK 10/27/89 M SL 5 5 12,000 0 6,000 2,400 3,600 200 2,400
00334 78 GMC BRIGASIER TRUCK 10/27/89 M SL 5 5 12,000 0 6,000 2,400 3,600 200 2,400
00511 1991 INTERNATIONAL TRUCK 07/31/90 M ALT 5 5 44,883 0 13,465 8,977 22,44', 749 8,977
00512 1990 LEDWELL AUGER BOX 07/31/90 M ALT 7 10 18,500 0 2,775 1,850 13,875 156 1,850
00587 FEED TRUCK - 1991 10/05/90 M ALT 5 5 44,542 0 13,362 8,908 22,272 746 8,908
00588 FEED TRUCK BODY - 1991 10/19/90 M ALT 5 5 19,500 0 5,850 3,900 9,750 325 3,900
00643 1991 Int. Feed Truck 01/16/91 M SL 5 5 45,930 0 4,593 9,186 32,151 760 9,186
00827 1991 Leduell 22 Auger bo 01/07/91 M SL 5 5 21,250 0 2,125 4,250 14,875 356 4,250
30 - Transportation Equipment 280,099 0 .1,91350,170 141,0'1 4,527 54,173
LOCATION 7120 TOTAL 1,928,961 0 321,328 159,690 1,447,943 13,313 159,690
03/09/92 National Farms, Inc. - 1992 Page 42
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Year through 12/31/92
Book Schedule
Natl Hog Farm - Effluent
Sec179 Prior Yr Current Annual Depr Through
Num Description Date Svc Method Lf Cost Bonus Accum Dep Year Dep Net Book Cur Per 12/31/92
00296 SEPARATOR #1 BUILDING 08/31/89 S/L 12 756)%( 0 31,453 13,480 116,823 1,127 13,480
00381 SEPARATOR #2 BUILDING 10/31/89 S/L 12 (i44,1y 0 25,888 12,013 106,260 1,002 12,013
00414 DRILLING MONITORING WELL 09/14/89 M SL 15 15 11-7-85 -- 0 1,965 786 9,034 60 786
00428 EHT-1 TANK 1.5 MILL GAL 09/30/89 S/L 12 251,482 ;' 0 47,153 20,957 183,372 1,751 20,957
00429 PIPE LINE 09/30/89 M SL 15 15 224,272. E 0 37,378 14,951 171,943 1,245 14,951
00430 CONCRETE VAULT & FOUND 09/30/89 M SL 15 15 85,'503 0 14,250 5,700 65,553 475 5,700
00432 DIRT WORK ---09/10189M SL.15 15 x1523__ . 0 5,255 2,102 24,166 177 2,102
00457 TREES 01/20/90 M ALT15 20 166 0 102 68 1,196 2 68
00469 RETENTION PONDS 01/31/90 M ALT15 15 1An,w3. 0 16,020 10,680 133,503 890 10,680
00470 EHT-1 FOUNDATION 01/31/90 M ALT 7 20 87302 1% 0 653 435 7,614 39 435
00523 SEPARATOR #3 BUILDING 03/31/90M ALT10 12 148 679-i 0 18,585 12,390 117,704 1,027 12,390
00535 MONITERING WELLS 04/09/90 M ALT15 12 9-684 - 0 1,210 807 7,664 70 807
00606 EFFLUENT HOLDING TANK #2 06/30/90 M ALT 7 12 37 76 , / 0 4,721 3,147 29,899 265 3,147
00607 FOUNDATION E H F TANK #2 06/30/90 MALT 7 12 186,726 0 13,365 8,910 84,651 737 8,910
00608 EHT-2 SURVEY,DIRTWRK,TES 06/30/90 M ALT15 15 16798 0 1,880 1,253 15,665 109 1,253
00659 SEPARATOR #4 BUILDING 08/31/90 M ALT10 12 ....?“146,144-.5 0 18,268 12,179 115,697 1,014 12,179
00808 Monitor Well 10A 02/13/91 M SL 15 15 17383 0 46 92 1,245 4 92
00847 Monitor Well 96 02/13/91 M SL 15 15 1,14-7- 0 38 76 1,033 10 76
00848 Monitor Well 9A 02/13/91 M SL 15 15 1,r332 0 46 91 1,235 3 91
00870 EMS - Fresh water pond 05/31/91 M SL 15 15 85-268 0 2,842 5,685 76,741 471 5,685
00871 Flood Ponds 05/31/91 M SL 15 15 407518 , 0 1,351 2,701 36,466 226 2,701
00904 LIFT STATION SEPARATOR 08/31/91 M SL 7 7 1,665" 0 119 238 1,308 18 238
00905 SCREENING STATION 08/01/91 M SL 7 7 12,905 0 922 1,844 10,139 150 1,844
00910 Concrete Work-Lift Stati 09/28/91 M SL 10 10 4;712 0 236 471 4,005 42 471
05 - Buildings (1) j 17697,7'8 0 243,746 131,056 1,322,916 10,914 131,056
00207 DANUSER DIGGER AUGER 06/26/89 M SL 7 7 762 0 272 109 381 10 109
002216 DUAL MANURE SPREADER 07/05/89 M SL 7 7 16,969 - 0 6,060 2,424 8,435 202 2,424
00256 FIAT-ALLIS FRONT END LOA 07/24/89 M SL 7 7 42179 - 0 15,065 6,026 21,088 504 6,026
00257 CASE TRACTOR 07/31/89 M SL 7 7 53,045.-- 0 10,945 7,578 26,522 626 7,578
00261 ROTARY MOWER 07/15/89 M SL 7 7 9,146 ." 0 3,267 1,307 4,572 108 1,307
00292 CARYALL SCRAPER 08/25/89 M SL 7 7 3,639 .'-- 0 1,300 520 1,819 47 520
00293 CHISEL PLOW INTERSEEDER 08/24/89 M SL 7 7 14,7483 : 0 5,267 2,107 7,374 171 2,107
00313 GRASS DRILL 09/26/89 M SL 7 7 9,684 @ 3,458 1,383 4,2J.3_ 118 1,383
00378 DIGITAL OXYGEN ANALYZER 10/19/89 M SL 7 7 457_ 0 163 65 22; 10 65
00396 OXYGEN ELECTRODE SENSOR 11/02/89 M SL 7 7 119 - 0 42 17 60 6 17
00410 2 PRESSURE WASHERS 11/22/89 M SL 7 7 6,413 - 0 2,290 916 3,207 80 916
r_
00415 RADIOS 12/06/89 M SL 7 7 574: 0 205 82 287 5 82
00458 INTL FARMALL TRACTOR 01/02/90 M ALT 7 10 4,120 -- 0 618 412 3,090 38 412
00459 INTL FARMALL TRACTOR 01/02/90 M ALT 7 10 4,120 0 618 412 3,090 38 412
00467 TWO 150,000 BTU HEATERS 01/01/90 M ALT 7 10 742 0 111 74 557 8 74
00431 SKID STEER 03/19/90 M ALT 7 10 21,373 0 3,205 2,137 16,030 179 2,137
00482 SLURRY PLUS SPREADER 02/09/90 M ALT 7 10 12,000 0 1,300 1,200 9,000 100 1,200
00433 FARMALL 966 D HYDRO TRAC 03/19/90 M ALT 7 10 2,400 . 0 1,260 840 6,300 70 840
00521 BIG GUN 02/28/90 MALT 7 10 11,136 - 0 1,671 1,114 8,351 91 1,114
00552 KARCHER PRESSURE WASHER 04/26/90 M ALT 7 10 ',3_157 0 474 316 2,367 30 316
00601 WEED SPRAYER 06/05/90 M ALT 7 10 1,375,"' 0 207 138 1,031 6 138
00602 MANURE SPREADER 06/11/90 M ALT 7 10 12,7600?LQ 0 1,914 1,276 9,570 110 1,276
00630 1968 JD 4020 TRACTOR 07/02/90 MALT 7 10 8,000(\li' 0 1,200 800 6,000 63 8r
00631 HYDRAULIC BLADE 06/30/90 M ALT 7 10 2,709 p,(y 0 406 271 2,03g3j 2'r
it
+v 33
03209/92 National Farms, Inc. - 1992 Page 43
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Year through 12/31/92
Book Schedule
Hatt Hag Farm - Effluent
Sec179 Prior Yr Current Annual Depr Through
Num Description Date Svc Method Lf Cost Bonus Accum Dep Year Dep Net Book Cur Per 12/31/92
00639 NEW HOLLAND SKID STEER 07/18/90 M ALT 7 10 21,115F& 0 3,168 2,112 15,835 176 2,112
00645 PRESSURE WASHER 08/21/90 M ALT 7 10 �-2. 88799' ✓ 0 432 288 2,159 24 288
-
00646 EVERSMAN LEVELER 08/20/90 M ALT 7 10 2,678 f'; 0 402 268 2,008 26 268
00647 CUSTOM FLATBED TRAILER 08/24/90 M ALT 5 5 500' 0 150 100 250 12 100
00696 GRAIN DRILL 10/10/90 M ALT 7 100 ' ' 0 45 30 225 3- 30
00802 Champion 16 Welder 02/12/91 M SL 7 7 (-1. .)-Li0 186 372 2,043 31 372
00803 IHC 100 Hydro Tractor 01/25/91 M SL 7 7 8,755.,- .0 625 1,251 6,879 107 1,251
00825 2 - 4 Drawer File Cabine 01/29/91 M SL 7 7 (551/L- / 0 39 79 433 2 79
00861 GENRTR TRAILER - CUSTOM 04/30/91 M SL 5 5 1,436 0 194 387 1,355 35 387
00867 TRACTOR 06/19/91 M SL 7 7 8,498" 0 607 1,214 6,677 103 1,214
00878 FDR ADJUST HANDLES 11/10/91 M SL 7 7 10,-302 0 736 1,472 8,094 119 1,472
00880 CATERPILLAR ENGINE 06/28/91 M SL 7 7 187702 / 0 1,336 2,672 14,694 219 2,672
00891 GAS DETECTOR - PHD 11/10/91 M SL 7 7 2,322'/ 0 166 332 1,824 24 332
00896 IN 806 Tractor w/Cab 09/07/91 M SL 7 7 4,864, 0 347 695 3,822 57 695
00897 IH 14766 Tractor w/Cab 09/07/91 M SL 7 7 6,482 --- 0 463 926 5,093 79 926
00898 IH 1566 Tractor w/Cab 09/07/91 M SL 7 7 6,483;‘'" 0 463 926 5,094 79 926
00899 RHINO ROTARY CUTTER 10/15/91 M SL 7 7 '-8,794/V/- 0 628 1,256 6,910 101 1,256
00944 EMWELLS 25-30 12/15/91 H SL 7 7 c 132' '/ 0 509 1,019 5,604 84 1,019
01890 ROTARY SHREDDER 02/01/76 S/L 8 3,588c''t+ 0 3,588 0 0 0 0
02928 LOADER W/BUCKET SCOOP 02/01/85 S/L 12 13.88 . 0 753 116 519 6 116
.
03242 USED BOBCAT LOADER 09/30/88 M SL 7 7 c-445_027, ," 0 2,250 643 1,607 49 643
30007 TRACTOR #10 JOHN DEERE 06/01/65 S/L 8 670�,'- 0 6,704 0 0 0 0
30021 TRACTOR #1 06/01/62 S/L 8 .6,000" - 0 6,000 a 0 0 0
30024 TRACTOR #15 06/01/67 S/L 8 4,183 0 4,183 0 0 0 0
20 - Equipment (1) ,1 RfL/ 388,-885- 0 103,793 47,682 237,410 3,968 47,682
00296 SEPARATOR #1 EQUIPMENT 08/31/89 S/L 12 ' 83,329' 0 16,203 6,944 60,182 575 6,944
00298 IRRIG PIVOT SYSTEMS 1-8 09/30/89 M SL 7 7 - 3407747 0 121,695 43,678 170,374 4,051 48,678
00360 WIRE 8 CONDUIT 09/21/89 M SL 7 7 8,133 0 2,905 1,162 i,066 95 1,162
00379 EHT-1 EQUIPMENT 10/31/89 M SL 7 7 3,527 0 1,260 504 1,763 42 504
00380 PLUMBING SEPARATOR BLDG 10/31/89 M SL 7 7 6,814 0 2,433 973 3,408 82 973
00381 SEPARATOR #2 EQUIPMENT 10/31/89 S/L 12 72,079'' 0 13,155 6,007 52,917 496 6,007
00386 PIVOTS 9-12 10/31/89 M SL 7 7 1/-'x314 0 50,470 20,188 70,656 1,686 20,188
00425 2 PUMPS 09/30/89 M SL 7 7 36,637- 0 13,085 5,234 18,318 438 5,234
00426 PUMP 09/30/89 M SL 7 7 4,168 0 1,488 595 2,085 45 525
00427 TESTING E. ENGINEERING CH 09/30/89 M SL 15 15 97,203 16,317 6,527 75,052 513 _,527
00431 ELECTRICAL 09/30/89 M SL 15 15 3-627- - 605 242 2,780 22 242
00433 AERATION DIFFUSER #1 09/30/89 S/L 12 82,3_31 ' 0 15,437 6,861 60,033 569 6,861
00434 PUMP 09/30/89 M SL 7 7 ---'1,944_2 0 695 278 971 25 278
00435 CAT DIESEL ENGINE 09/30/89 M SL 7 7 19,859_ ✓ 0 7,092 2,837 9,930 241 2,837
00436 COMPRESSOR SKID 09/30/89 M SL 77 X3,42)._. ' 0 1,222 489 1,710 38 489
00471 PIPE TO PIVOTS 01/31/90 M ALT 7 10 4;130 0 620 413 3,097 39 413
00472 PIVOTS IRR SYS #9-12 03/31/90 M ALT 7 10 51,054 0 7,653 5,105 32,291 430 5,105
00523 SEPARATOR #3 EQUIPMENT 03/31/90 M ALT10 12 74,339 0 9,292 6,195 58,852 519 6,195
00524 IRRIGATION PIVOT SYS #13 03/31/90 M ALT 7 10 67,036- 0 10,056 6,704 50,276 555 6,704
00525 IRRIGATION PIVOT SYS #14 03/31/90 M ALT 7 10 42;936 0 6,441 4,294 32,201 356 4,294
00554 IT ENGINEERING CHARGES 04/30/90 M ALT10 12 37638 0 4,704 3,136 29,798 265 3,136
00609 BACKFLOW PREVENTOR EHT-2 06/30/90 M ALT 7 10 4-39-1! 0 734 489 3,668 38 489
00610 PIPE EHT-2 06/30/90 M ALT 7 12 ( 35 ' , 0 4,386 2,924 27,775 240 2,924
3,95
00611 PUMP EHT-2 06/30/90 M ALT 7 10 2 0 593 395 2,964 32 395
00612 ELECTRICAL EHT-2 06/30/90 M ALT15 10 18,469 0 1,569 1,046 7,845 89 1,046
94��0��2A
03/09/92 National Farms, Inc. - 1992 Page 44
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Year through 12/31/92
Book Schedule
Nail Hog Farm - Effluent
5ec179 Prior Yr Current Annual Depr Through
Num Description Date Svc Method Lf Cost Bonus Accum Dep Year Dep Net Book Cur Per 12/31/92
00613 PUMP STATION EHT - 2 06/30/90 M ALT15 10 15-¢89 0 2,344 1,563 11,722 133 1,563
00614 PUMP HOUSE EHT-2 06/30/90 M ALT15 10 18-955— 0 2,814 1,876 14,065 160 1,876
00615 EHT - 2 AERATION 06/30/90 M ALT 7 12 0,70 0 11,337 7,558 71,807 628 7,558
00616 BLOWER AT EHT-2 06/30/90 M ALT 7 10 49 112:112; 0 7,367 4,911 36,834 412 4,911
00617 CAT ENGINE EHT-2 06/30/90 M ALT 7 10 ,:22,459./ 0 3,369 2,246 16,844 189 2,246
00618 PIVOT IRRIG SYSTEM #15 06/30/90 M ALT 7 10 44;-747 0 6,712 4,475 33,560 372 4,475
00619 PIVOT IRRIG SYSTEM #16 06/30/90 M ALT 7 10 61-429 0 9,169 6,113 45,847 514 6,113
00620 PIVOT IRRIG SYSTEM #17 06/30/90 M ALT 7 10 42;280 0 6,342 4,228 31,710 356 4,228
00621 PIVOT IRRIG SYSTEM #18 06/30/90 N ALT 7 10 5-921 2 0 8,238 5,492 41,191 454 5,492
00659 SEPARATOR #4 EQUIPMENT 08/31/90 M ALT10 12 73,071 0 9,134 6,089 57,848 512 6,089
00671 PIVOT #22 09/30/90 M ALT 7 10 64;-4AD 0 9,699 6,466 48,495 537 6,466
00672 PIVOT #21 09/30/90 M ALT 7 10 5--469 0 7,675 5,117 38,377 431 5,117
00673 PIVOT #20 09/30/90 M ALT 7 10 957256 0 8,289 5,526 41,441 455 5,526
00674 PIVOT #19 " 09/30/90 M ALT 7 106.7c207 / 0 10,081 6,721 50,405 561 6,721
00865 16 Lysimeters 05/29/91 M SL 7 7
(13-21251±
235 0 574 1,148 6,313 92 1,148
00906 IRRIG SYSTEM #23 08/31/91 M SL 7 7 1191,850 0 6,561 13,121 72,168 1,098 13,121
00907 IRRIG SYSTEM #24 08/31/91 M SL 7 7 9t—.x6888 0 6,549 13,098 72,041 1,086 13,098
00908 IRRIG SYSTEM #25 08/31/91 M SL 7 7 4tr795 0 6,557 13,114 72,124 1,091 13,114
00909 IRRIG SYSTEM #26 08/31/91 M SL 7 7 79,588 0 5,685 11,370 62,533 942 11,370
00928 IRRIG PIVOT #27 11/30/91 M SL 7 7 13-4. 025 0 7,930 15,861 87,234 1,319 15,861
00929 IRRIG PIVOT #28 11/30/91 M SL 7 7 150,797 0 10,735 21,471 118,091 1,792 21,471
00930 IRRIG PIVOT #29 11/30/91 M SL 7 7 120;-47 0 8,582 17,164 94,401 1,434 17,164
00947 BOOSTER PUMP @ 18 12/15/91 M SL 7 7 46,259/ 0 3,304 6,608 36,347 547 6,608
00948 BOOSTER PUMP @ 7 12/15/91 M SL 7 7 123,475 , 0 1,677 3,354 18,444 274 3,354
28 - Irrigation Equipment G./l i„ )•-1 C' 2 742,6'0 0 470,839 322,910 1,968,861 26,900 322,910
G-.: .
00387 86 CHEV PICKUP 10/30/89 M SL 5 5 9,600 0 4,800 1,920 2,880 160 1,920
00398 REFRIGERATED SEMI-TRAILS 11/13/89 M SL 5 5 6,500 0 3,250 1,300 1,950 112 1,300
00399 1981 DODGE PICKUP 11/08/89 M SL 5 5 1,950 0 975 390 585 27 390
00537 1978 CHEV 1/2 TON PICKUP 04/20/90 M ALT 5 5 1,800 0 540 360 900 30 360
00699 1976 CHEVY PICKUP 11/30/90 M ALT 5 5 2,500 0 750 500 1,250 38 500
00862 1984 CHEVY PICKUP 04/05/91 M SL 5 5 2,800 0 280 560 1,960 43 560
00894 1991 CHEV PICKUP 07/03/91 M SL 5 5 16;122 0 1,612 3,224 11,286 265 3,224
30 - Transportation Equipment 41,272 0 12,207 8,254 20,811 675 8,254
LOCATION 7130 TOTAL 4,890,485 0 830,585 509,902 3,549,998 42,457 509,902
,.1a
•
03/09/92 National Farms, Inc. - 1992 Page 45
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Year through 12/31/92
Book Schedule
Hatt Hog farm - Shop
Sec179 Prior Yr Current Annual Depr Through
Num Description Date Svc Method Lf Cost Bonus Accum Dep Year Dep Net Book Cur Per 12/31/92
00327 TRUCK MAINTENANCE ELEC 10/31/89 M SL 20 20 14,734 0 1,842 737 12,155 66 737
00369 TRUCK MAINT BUILDING 10/31/89 M SL 20 20 176;j964 0 22,120 8,848 145,996 741 8,848
00370 DISINFECTANT STA BLDG &E 10/31/89 M SL 20 20 46J853 0 5,857 2,343 38,653 198 2,343
00438 ELEC TR DISINFECT STATN 12/04/89 M SL 20 20 7„535 0 692 277 4,566 24 277
00497 SHOP HEATING & COOLING 02/28/90 M ALT10 12 2012 0 252 168 1,592 14 168
00518 DIRT WORK AT SHOP 03/31/90 M ALT15 15 41,204 0 420 280 3,504 27 280
00519 SHOP OFFICE, SHOWER & PR 03/31/90 M ALT20 15 381,350 0 3,835 2,557 31,958 214 2,557
05 - Buildings (1) 28876520:- 0 35,018 15,210 238,424 1,284 15,210
00308 WELDER 09/05/89 M SL 7 7 7 2,899 0 1,035 414 1,450 29 414
00339 AIR COMPRESSOR 10/06/89 M SL 7 7 2,962 0 1,058 423 1,481 38 423
00382 TRUCK MAINT EQUIP 10/31/89 M SL 7 7 ; 50,861 0 18,165 7,266 25,430 600 7,266
00383 TRUCK DISINFECTANT EQUIP 10/31/89 M SL 7 7 \\ 13,767 0 4,917 1,967 6,883 163 1,967
00384 REFRIGERATOR 10/11/89 M SL 7 7 \ 524 0 187 75 262 9 75
00385 WASHER, DRYER 10/11/89 M SL 7 7 % '5 812 0 290 116 406 6 116
00391 ASSORTED SHOP EQUIPMENT 10/26/89 M SL 7 7& ?' 15,018 0 1,792 717 2,509 57 717
00392 TOOL CHEST 10/20/89 M SL 7 7 J I 464 0 165 66 233 0 66
00406 PRESSURE WASHER 11/22/89 M SL 7 7 !4,176 0 1,492 597 2,087 47 597
00411 SHOP START-UP SUPPLIES 11/15/89 H SL 7 7 .1,455 0 520 208 727 21 208
00416 SAW 12/05/89 M SL 7 7 \,-530 _ 0 190 76 264 10 76
00468 PRESSURE WASHER 01/29/90 M ALT 7 10 2,806 = 0 421 231 2,104 28 281
00499 A T & T TELEPHONE & ALER 02/07/90 M ALT 7 10 368 0 55 37 276 4 37
00507 WASHER & DRYER 03/01/90 M ALT 7 5 575 - 0 173 115 287 5 115
00522 GAS STATION 03/31/90 M ALT 7 10 5,906 - 0 886 591 4,429 52 591
00539 WASTE OIL TANK 03/31/90 M ALT 7 10 4,032 - 0 605 403 3,024 29 403
00553 AIR COMPRESSOR 04/16/90 M ALT 7 10 669 0 100 67 502 1 67
00567 DRILL PRESS 05/03/90 M ALT 7 10 366 0 55 37 274 4 37
00568 DELUXE JOURNEYMAN TORCH 04/27/90 H ALT 7 10 436 0 66 44 326 0 1.
00585 LUBE SYSTEM 05/04/90 N ALT 7 10 2,769 0 415 277 2,077 24 277
00603 OKIDATA PRINTER 06/12/90 M ALT 5 5 :c. 283 : 0 85 57 141 2 57
00604 PRESSURE WASHER 06/09/90 M ALT 7 10 " 1,185 - 0 178 119 888 9 119
00605 HYDRALIC HOSE MACHINE 06/15/90 M ALT 7 10 979 0 147 98 734 10 98
00826 Bumper jack 01/03/91 M SL 7 7 ---1,7-31—; 0 125 250 1,376 19 250
00850 Electric Fan 02/13/91 M SL 7 7 1,450 0 104 207 1,139 20 207
00393 WIRE WELDER 10/15/91 M SL 7 7 1,388 135 2„ 1,483 17 27C
20 - Equipment (1) (- 108,933.1- 0 33,361 14,778 60,792 1,204 14,778
.....:\ill s—1I /_- _
00417 CHEV 830 FLAT BED PICKUP 12/14/89 M SL 7 7 5,900 0 2,107 843 2,950 73 843
00450 1977 INTL WATER TRUCK 01/04/90 M ALT 5 5 16;480 0 4,944 3,296 8,240 271 3,296
30 - Transportation Equipment 22,380 0 7,051 4, 139 11,190 344 4,139
LOCATION 7140 TOTAL 419,963 0 75,430 34,127 310,406 2,832 34,127
920724
•
03/09/92 National Farms, Inc. - 1992 Page 46
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Year through 12/31/92
Book Schedule
Nati Hog Farm - Ranch
Sec179 Prior Yr Current Annual Depr Through
Num Description Date Svc Method Lf Cost Bonus Accum Dep Year Dep Net Book Cur Per 12/31/92
00010 LAND - 70 & BIG FOOT RAN 06/15/88 None 50 2,41,3I039 0 0 0 2,413,039 0 0
00222 LAND - PETERSON-2400A 06/21/89 None 50 2044850 0 0 0 204,850 0 0
00692 ROAD 69 PAYMENT 10/03/90 None 50 1301,998 0 0 0 130,998 0 0
UI - Land (ia 8.887- 0 0 0 2,748,887 0 0
00101 MAIN RESIDENCE 06/15/ea uncALAR 40 46,083 0 5,133 1,152 39,748 96 1,152
00102 HOUSE 06/15/88 MREALAR 40 25,461 0 2,838 637 21,986 54 637
00103 HOUSE 06/15/88 MREALAR 40 27,069 0 3,016 677 23,376 61 677
00104 TENANT HOUSE 06/15/88 MREALAR 40 25,371 0 2,826 634 21,911 51 634
00105 BARNS 06/15/88 M SL 20 20 203,773 0 38,208 10,189 155,376 850 10,189
00107 TANKS & WELLS 06/15/88 M SL 7 7 132,642 0 75,815 18,949 37,878 1,580 18,949
00108 DITCHES & HEAD GATES 06/15/88 M SL 15 15 110,316 0 27,578 7,354 75,384 611 7,354
00109 LEVEES 06/15/88 M SL 15 15 218,875 0 54,720 14,592 149,563 1,216 14,592
00110 CORRALS 06/15/88 M SL 7 7 82,324 0 47,055 11,761 23,508 981 11,761
00111 BRIDGE 06/15/88 M SL 15 15 19,580 0 4,894 1,305 13,381 106 1,305
00119 2ND MAIN RESIDENCE 06/15/88 MREALAR 40 38,302 0 4,268 958 33,076 78 958
00120 HOUSE 06/15/88 MREALAR 40 20,800 0 2,317 520 17,963 47 520
00121 HOUSE 06/15/88 MREALAR 40 24,600 0 2,740 615 21,245 54 615
00122 HOUSE 06/15/88 MREALAR 40 24,800 0 2,763 620 21,417 48 620
00125 SILOS - TWO 06/15/88 N SL 7 7 67,045 0 38,321 9,578 19,146 800 9,578
00143 BARBED WIRE FENCE 06/15/88 M SL 7 7 36,000 0 20,577 5,143 10,280 424 5,143
00144 4 BEDROOM HOUSE 06/15/88 MREALAR 40 59,120 0 6,586 1,478 51,056 125 1,478
00145 GARAGE & SHOP 06/15/88 MREALAR 40 2,948 0 329 74 2,545 8 74
00148 MACHINE SHED 06/15/88 M SL 20 20 2,000 0 586 100 1,314 12 100
00150 3 BEDROOM HOUSE 06/15/88 MREALAR 40 26,500 0 2,954 663 22,883 58 663
00151 GARAGE & STORAGE 06/15/88 MREALAR 40 2,150 0 240 54 1,856 1- 54
00152 2 CAR GARAGE 06/15/88 MREALAR 40 2,691 0 299 67 2,325 1 67
00153 BARN & SHOP BUILDING 06/15/88 H SL 20 20 6,670 0 1,956 334 4,300 26 334
00155 2 BEDROOM HOUSE-GUN CLUB 06/15/88 MREALAR 40 6,910 0 771 173 5,966 19 173
00194 CEDAR FENCE - HOUSE 2A 05/24/89 M SL 15 15 1,529 0 255 102 1,172 3 102
00223 MAIN HOUSE-PETERSON LAND 06/21/89 MREALAR 40 30,100 0 1,914 753 27,433 60 753
00224 FENCING - PETERSON LAND 06/21/89 M SL 15 15 56,700 0 9,450 3,780 43,470 315 3,780
00225 GRAIN STORAGE SHED 06/21/89 MREALAN 40 250 0 15 6 229 5- 6
00226 BARN - PETERSON LAND 06/21/89 M SL 20 20 16,000 0 2,000 800 13,200 63 800
00227 MOBILE HOME - PETTERSCN 06/21/89 MREALAR 40 13,_'00 1,144 -S0 16, 06 32
420
00228 SHOP - PETERSON LAND 06/21/89 MREALAN 40 10,000 0 635 250 9,115 19 250
00229 POULTRY HOUSE - PETERSON 06/21/89 M SL 20 20 1,000 0 125 50 825 6 50
00230 WOODEN CORRALS-PETERSON 06/21/89 M SL 15 15 3,000 0 500 200 2,300 13 200
00236 CEDAR FENCING 06/12/89 M SL 15 15 3,768 0 628 251 2,889 20 251
00714 4 & 5 BARBER WIRE FENCE 11/30/90 M ALT 7 10 52,694 0 7,904 5,269 39,521 440 5,269
05 - Buildings (1) 1405,071 - 0 371,360 99,538 934,173 8,271 99,530
00106 FENCES 06/15/88 M SL 7 7 128,429 0 73,406 18,347 36,676 1,528 18,347
00113 19 WINDMILLS 06/15/88 M SL 7 7 9,755 0 5,576 1,394 2,785 118 1,394
00126 FEED BUNKS 06/15/88 M SL 7 7 13,730 0 7,846 1,961 3,923 168 1,961
00127 CATTLE CHUTES 06/15/88 M SL 7 7 660 0 376 94 190 6 94
00129 ELECTRIC WATERERS 06/15/88 M SL 7 7 4,403 0 2,517 629 1,257 57 629
00130 FERTILIZER SPREADER 06/15/88 M SL 7 7 600 0 344 86 170 9 86
00131 CORRALS DIP VAT 06/15/88 M SL 7 7 16,683 0 9,535 2,383 4,765 194 '2,383
.920724
03/09/92 National Farms, Inc. - 1992 Page 47
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Year through 12/31/92
Book Schedule
Watt Hog Farm - Ranch '
5ec179 Prior Yr Current Annual Depr Through
Nun Description Date Svc Method Lf Cost Bonus Accun Dep Year Dep Net Book Cur Per 12/31/92
00146 GRAINERY - CINDER BLOCK 06/15/88 M SL 7 7 642 0 368 92 182 4 92
00147 FUEL SHORTAGE TANK W/PUM 06/15/88 M SL 7 7 2,000 0 1,144 286 570 22 286
00149 CORRALS, BUNKS, WATERERS 06/15/88 M SL 7 7 3,240 0 1,852 463 925 34 463
00154 CORRALS, BUNKS, WATERERS 06/15/88 M SL 7 7 3,634 0 2,077 519 1,038 46 519
00156 STORAGE UNITS - 2 BOX CA 06/15/88 M SL 7 7 2,500 0 1,429 357 714 27 357
00157 TWO WATER SYS - SO FARM 06/15/88 M SL 7 7 6,000 0 3,429 857 1,714 76 857
00232 CATTLE LOADING CHUTES 06/21/89 M SL 7 7 1,300 0 465 186 649 10 186
00713 ROAD SWEEPER MAGNET 11/05/90 M ALT 7 10 5,680 0 852 568 4,260 51 568
00715 CATTLE TANKS & WATER LIN 11/30/90 M ALT 7 10 61,301 0 9,195 6,130 45,976 509 6,130
00716 STOCK WATERING SYSTEM 06/21/89 M SL 7 7 63,500 0 22,678 9,071 31,751 755 9,071
00945 REPL TANK&FRESH WATER LI 12/15/91 M SL 7 7 41,542 0 2,967 5,935 32,640 490 5,935
00946 FENCING FOR RANCH 12/15/91 M SL 10 10 29,215 0 1,461 2,922 24,832 238 2,922
20 - Equipment (1) 39#-7814 Pe- 147,517 52,280 195,017 4,342 52,280
00112 IRRIGATION SYSTEM 06/15/88 M SL 15 15 106,709 0 36,601 7,114 62,994 591 7,114
00115 IRRIGATION SPRINKLER 06/15/88 M SL 7 7 25,597 0 14,631 3,657 7,309 302 3,657
00116 IRRIGATION PUMPS 06/15/88 M SL 7 7 24,624 0 14,075 3,518 7,031 295 3,518
00117 IRRIGATION SPRINKLER 06/15/88 M SL 7 7 39,096 0 22,346 5,585 11,165 470 5,585
00118 IRRIGATION SPRINKLER 06/15/88 M SL 7 7 16,800 0 9,602 2,400 4,798 200 2,400
00123 IRRIGATION SPRINKLER 06/15/88 M SL 7 7 17,500 0 10,003 2,500 4,997 212 2,500
00124 IRRIGATION SPRINKLER 06/15/88 M SL 7 7 30,000 0 17,148 4,286 8,566 359 4,286
00132 UNDERGROUND IRRIGATION 06/15/88 M SL 15 15 184,877 0 63,412 12,325 109,140 1,028 12,325
00134 IRRIGATION SPRINKLER 06/15/88 M SL 7 7 12,000 0 6,858 1,714 3,428 141 1,714
00135 IRRIGATION SPRINKLER 06/15/88 M SL 7 7 8,500 0 4,858 1,214 2,428 103 1,214
00137 IRRIGATION SPRINKLER 06/15/88 M SL 7 7 2,000 0 1,144 286 570 22 286
00138 IRRIGATION WELL & PUMP 06/15/88 M SL 15 15 3,500 0 1,200 233 2,067 24 233
00139 IRRIGATION WELL & PUMP 06/15/88 M SL 15 15 7,000 0 2,402 467 4,131 38 467
00140 IRRIGATION WELL & PUMP 06/15/88 M SL 15 15 7,000 0 2,402 467 4,131 38 467
00141 IRRIGATION WELL & PUMP 06/15/88 M SL 15 15 7,500 0 2,573 500 4,427 38 500
00142 IRRIGATION WELL & PUMP 06/15/88 M SL 15 15 15,000 0 5,145 1,000 8,855 87 1,000
00233 WELL HOUSE #2 06/21/89 M SL 15 15 300 0 50 20 230 2- 20
00234 IRRIG SPRINKLER SYSTEM 06/21/89 M SL 7 7 8,500 0 3,035 1,214 4,251 103 1,214
00235 WELL HOUSE #1 06/21/89 M SL 15 15 800 0 133 53 614 9 53
28 - Irrigation Equipment 517,303 0 217,6'8 68,553 251,132 4,050 48,553
LOCATION 7160 TOTAL 5,066,075 0 736,495 200,371 4,129,209 16,671 200,371
920724
03/09/92 National Farms, Inc. - 1992 Page 48
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Year through 12/31/92
Book Schedule
Nall Hog Farm - Admin
Sec179 Prior Yr Current Annual Depr Through
Num Description Date Svc Method Lf Cost Bonus Accum Dep Year Dep Net Book Cur Per 12/31/92
00285 OFFICE BUILDING 08/31/89 MREALAN 40 138,509 0 8,225 3,463 126,821 284 3,463
00286 GRADING & DIRT WORK 08/31/89 M SL 15 15 7,790 0 1,298 519 5,973 46 519
00287 PHONE SYSTEM LINES 08/31/89 MREALAN 40 33,319 0 1,978 833 30,508 74 833
00338 GARAGE - O'HARA HOUSE 09/27/89 MREALAR 40 8,956 0 513 224 8,219 15 224
00349 WINDOWS, DOOR & INSUL 09/27/89 MREALAR 40 2,668 0 153 67 2,448 1 67
00350 GUARD SHACK 09/30/89 MREALAN 40 7,223 0 415 181 6,627 16 181
00404 INSUL & SIDING 23055 WCR 01/12/90 S/L 27 8,626 0 638 319 7,669 22 319
00464 GARAGE - 24583 WCR 69 01/24/90 S/L 27 1,360 0 96 50 1,214 6 50
00465 SEPTIC TANK 23012 WCR 69 03/31/90 M ALT15 10 2,497 0 375 250 1,872 19 250
00575 PLANTER OUTSIDE OFFICE 05/31/90 M ALT 7 10 1,916 0 288 192 1,436 16 192
05 - Buildings (1) 2T27864C%i�' 0 13,979 6,098 192,787 499 6,098
00164 PRINTING CALCULATOR 02/08/89 M SL 5 5 183 Ut 0 92 37 54 4 37
00165 LEGAL FILE CABINET - GRA 02/08/89 M SL 7 7 222 ' 0 80 32 110 1- 32
00166 TWO SECT CHAIRS - BURG 02/08/89 M SL 7 7 222' 0 80 32 110 1- 32
00167 TWO SIDE CHAIRS - BUR 02/08/89 M SL 7 7 270/ 0, 97 39 134 6 39
00173 IBM COMPUTER & MONITOR 05/01/89 M SL 5 5 5,142.,`,✓0 2,570 1,028 1,544 82 1,028
00174 H-P PRINTER FOR COMPUTER 05/01/89 M SL 5 5 1,356 / 0 678 271 407 18 271
00175 COMPUTER PROG - HI PLAIN 02/08/89 M SL 5 5 278098 «.'4GG 1,000 400 600 37 400
00177 SWINTER ELEC TYPEWRITER 02/23/89 M SL 5 5 565 +"'-0 283 113 169 14 113
00185 REFRIG-FREEZER - OFFICE 05/25/89 M SL 7 7 545-' 0 ' 195 78 272 1 78
00186 SHARP CACULATORS - TWO 05/30/89 M SL 5 5 366 . ,0 183 73 11C 7 73
00187 TWO SECT CHAIRS - HON 05/25/89 M SL 7 7 229 0 82 33 114 0 33
00188 3 BURNER COFFEE MAKER 05/18/89 M SL 7 7 253 ' 0 90 36 127 3 36
00189 WINDOW AIR CONDITIONER 05/24/89 M SL 7 7 447' 0 160 64 223 9 64
00190 PC SOFTWARE - SPREADSHEE 05/10/89 M SL 5 5 370- - '0 185 74 111 8 74
00191 WASHER & DRYER 05/23/89 M SL 7 7 582 0 208 83 291 6 83
00196 TWO MOBILE PHONE - RADIO 05/05/89 M SL 7 7 -, 6,342 ._,_ 'C 2,265 906 3,171 70 906
00198 HON FOLDING TABLE 04/15/89 M SL 7 7 82- 0 30 12 40 1 12
00199 TWO HON FILE CABINETS 04/15/89 M SL 7 7 448 , 0 160 64 224 9 64
00202 DINETTE SET W/CHAIRS 04/06/89 M SL 7 7 762 ' 0 272 109 381 10 109
00204 AIR COND & FURNACE 05/31/89 M SL 7 7 2;745 -=- 0 970 388 1,357 36 388
00209 FIREPROOF FILE CAB-4 DRW 06/15/89 M SL 7 7 515 -- 0 185 74 256 8 74
00210 UNISYS COMPUTER 06/19/89 M SL 5 5 2,181 0 1,090 436 655 40 436
00211 GOLDSTAR MONITOR 06/19/89 M SL 5 5 691 0 345 138 208 6 133
00212 SEAGATE 40MEG HARD DISK 06/19/89 M SL 5 5 649 0 325 130 194 9 130
00213 INTEL ABOVE BOARD 06/19/89 M SL 5 5 775- 0 388 155 232 12 155
00214 OKIDATA 132 COL PRINTER 06/19/89 M SL 5 5 691 0 345 138 208 6 138
00215 MICROSOFT BUS MOUSE 06/19/89 M SL 5 5 191 'i_,- 0 95 38 58 5 38
00238 FOUR OFFICE DESKS W/RTRN 06/28/89 M SL 7 7 2,443 ' 0 872 349 1,222 30 349
00241 EIGHT SECT CHAIRS 07/06/89 M SL 7 7 987 - 0 352 141 494 9 141
00242 FOUR SIDE CHAIRS ' 07/06/89 M SL 7 7 475 0 170 68 237 2 68
00243 TWO EXEC CHAIRS 07/06/89 M SL 7 7 319 0 115 46 158 2 46
00248 WORD PERFECT/UNISYS NET 07/13/89 M SL 5 5 775-:- . -0 388 155 232 12 155
00249 TWO SIDE CHAIRS 07/15/89 M SL 7 7 613 0 220 88 305 11 88
00250 EXECUTIVE CHAIR 07/15/89 M SL 7 7 445 - 0 160 64 221 9 64
00251 PRNTR STAND, COVER & TBL 07/15/89 M SL 7 7 413'" 0 147 59 207 4 59
00252 COMPUTER STATIONS - THRE 07/31/89 M SL 5 5 9,195 Uh'-V-0 4,598 1,839 2,758 156 1,839
00253 COMPUTER OPER SYSTEM-ELS 07/31/89 M SL 5 5 1,5404:(2 O 770 308 462 22 308
00254 COMPUTER BACKUP SYSTEM 07/31/89 M SL 5 5 2,2256:ifl`/ 1,113 445 667
+'�aSrV�-sir`►
33/A9/92 - National Farms, Inc. - 1992 Page 50
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Year through 12/31/92
Book Schedule
Watt Hog Farm - Admin
Sec179 Prior Yr Current Annual Depr Through
Num Description Date Svc Method Lf Cost Bonus Accum Dep Year Dep Net Book Cur Per 12/31/92
4'
00420 00420 WEATHER STATION 11/30/89 H SL 5 5 15901 1"10 480 192 287 16 192
00421 RCA TV 12/07/89 M SL 7 7 379 '�' 0 135 54 190 1- 54
00422 RCA VCR 12/07/89 M SL 7 7 530 C=L(` ' 190 76 264 10 76
00423 2 DRAWER LATERAL FILE 12/13/89 M SL 7 7 359 k'_ 0 128 51 180 7 51
00453 FILE CABINET 01/12/90 M ALT 7 10 262 - 0 39 26 197 4 25
00476 THREE PORTABLE RADIOS 01/01/90 M ALT 7 5 3,095 -- -0 929 619 1,547 47 619
00477 EZ LOGGER 01/24/90 M ALT 5 5 V288 L' 0 87 58 143 3 58
00479 RECA VHS CAMCORDER & ACC 02/01/90 M ALT 5 5 v1,689 d'^ '0 507 338 844 30 338
00480 OKIDATA MICROLINE PRINTE 01/01/90 M ALT 5 5 ✓618 ,,,e;-(5 186 124 308 14 124
00501 UNISYS COMPUTER WORKSTAT 02/23/90 M ALT 5 5 /1,956 icl,(-D 587 391 978 28 391
00502 SHARP CALCULATOR 02/21/90 M ALT 5 5 v200 Ld•j "0 60 40 100 7 40
00503 AT & T TELEPHONE 02/15/90 M ALT 5 5 91 ✓ 0 27 18 46 4- 18
00504 SHARP CALCULATOR 03/02/90 M ALT 5 5 v/200 '2./4- 0 60 40 100 7 40
00536 LETTER SIZE FILE CABINET 04/02/90 M ALT 7 10 231 ' 0 35 23 173 1 23
00558 LEGAL SIZE FILE CABINET 04/25/90 M ALT 7 10 262 ✓ 0 39 26 197 4 26
00559 PORTABLE RADIOS - 8 03/29/90 M SL 5 5 4,303 l:ti;✓0 1,291 861 2,151 69 861
00569 COMPUTER DESK 05/11/90 M ALT 7 10 153 ' 0 23 15 115 4 15
00570 COMPUTER PRINTER STAND 05/08/90 M ALT 7 10 118✓ 0 18 12 88 1 12
00571 16 CHANNEL RADIO 04/13/90 M ALT 5 5 914,9=i'0 274 183 457 18 183
00586 330MB SEAGATE/IMPRIMIS H 05/23/90 M ALT 5 5 /2,408 „,,Cs 0 723 482 1,203 42 482
00627 2 SIDE CHAIRS 06/04/90 M ALT 7 10 247./ 0 37 25 185 3 25
00628 EXTERNAL MODEM 06/12/90 M ALT 5 5 -'0 123 82 204 5 82
00632 LATERAL FILE CABINET 07/16/90 M ALT 7 10 539- 0 81 54 404 1- 54
00640 DESK, CHAIR,& LATERAL Fl 07/19/90 M ALT 7 10 473 - 0 71 47 355 3 47
_
00642 11 PORTABLE RADIOS 06/22/90 M ALT 7 10 5,976 , - 0 897 598 4,481 48 598
00660 RANGE 08/21/90 M ALT 7 10 899- 0 135 90 674 2 90
00661 2 16 CHANNEL MOBILE RADI 08/03/90 M ALT 7 10 1,828..,_-- 0 274 183 1,371 18 183
00676 4 DRAWER FILE CABINET 09/30/90 M ALT 7 10 262 - 0 39 25 197 4 26
00677 DESK 09/25/90 M ALT 7 10 510 0 77 51 382 7 51
00678 COMPUTER WORK STATION 09/07/90 M ALT 7 10 ..1,906 0 286 191 1,429 15 191
00697 MERLIN TELEPHONE 10/11/90 M ALT 7 10 383- 0 57 38 208 5 38
00717 16 CHANNEL RADIO 10/18/90 M ALT 7 10 914 l" 0 137 91 686 3 91
00809 Wilson Jones 2000 Shredd 02/08/91 H SL 5 5 ,;`1,700 0 170 340 1,190 32 340
00828 4 Portable 2 chan. radio 01/01/91 M SL 7 7 x1,891.; ., 0 135 270 1,486 17 270
00833 HP 7550A 8 pen plotter 02/04/91 M SL 5 5 2,955 0 296 591 2,068 52 591
00839 HP Laserjet III D printe 02/04/91 M SL 5 5 '. 2,747 - 0 275 549 1,923 43 549
00810 2 NW-Wyse 60 Terminals 02/04/91 H SL 5 5 950 0 95 190 __3 14
00841 Tripplite 1200 Watt Batt 02/04/91 M SL 5 5 'Z00 ,, 0 70 140 490 8 140
00842 Everex Evercom 2400 Bod 02/04/91 M SL 5 5 1250 0 25 50 175 6 50
00843 Calculator, File Cabinet 02/18/91 M SL 7 7 ✓/11,104 "'� 0 79 158 867 15 158
00844 Anderson Desk & chair 02/08/91 M SL 7 7 615 0 44 88 433 11 83
00845 Okidata ml 33 Plus Print 02/12/91 M SL 5 5 1,050 0 105 210 735 12 210
00846 COMPUTER WORKSTATION 04/10/91 M SL 5 5 V1,434 - - 0 143 287 1,004 23 287
00851 43" Computer Tabi,e 03/20/91 M SL 7 7 280 0 20 40 220 7 .C
00863 10 PORTABLE RADIOS 03/13/91 M SL 7 7 ')'5,034:, -- 0 360 719 3,955 59 719
00864 PIGTAIL TMNL & KEYBOARD 04/08/91 M SL 5 5 \481 _ .- 0 48 96 337 8 96
00866 Master Feeder Ungrade 05/17/91 M SL 5 5 ;7.2:50 . 0 75 150 525 7 150
00824 FILE CABINET 06/21/91 M SL 7 7 v/244 0 17 35 192 2 35
00912 Sharp Calculator OS-2770 09/20/91 M SL 5 5 x200 !C'I, O 20 40 140 7 40
00919 XEROX COPIER 11/04/91 M SL 5 5 X10,642 LeL(,L) 1,064 2,128 7,450 181 2,128
00920 XEROX FAX MACHINE 11/04/91 M SL 5 5 X1,049 44412.0 105 210 734 12 210
00926 APOLLO OVERHEAD PROJECTO 11/26/91 M SL 5 5 .k oot,,t(l/ 0 86 172 602 O...sir
172
03/-09/92 National Farms, Inc. - 1992 Page 51
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Year through 12/31/92
Book Schedule
Platt Hog Farm - Admin
,
Sec179 Prior Yr Current Annual Depr Through
Nun Description Date Svc Method Lf Cost Bonus Accum Dep Year Dep Net Book Cur Per 12/31/92
03085 2 OFlCE DESKS 05/15/89 M SL 7 7 ✓577 0 205 82 290 5 82
23 - Office equipment fIG.,a3I 1&1,669 0 57,651 30,123 93,895 2,491 30,123
00114 JEEP UAGONEER TRUCK-1988 08/31/88 M SL 5 5 227 0 20,465 1,778 0 150 1,778
00161 1989 TOYOTA LANDCRUISER 12/27/88 M SL 5 5 19,340 0 15,472 3,868 0 326 3,868
00163 1989 CHEV PICKUP 4%4 03/28/89 M SL 5 5 14\(272 0 7,145 2,858 4,289 240 2,858
00557 PICKUP TOPPER 04/23/90 M ALT 5 5 1570 0 171 114 285 4 114
00635 1990 GMC PICKUP 07/28/90 M ALT 5 5 12/476 0 3,743 2,495 6,238 207 2,495
00636 1990 GMC PICKUP 07/28/90 M ALT 5 5 121476 0 3,743 2,495 6,238 207 2,495
00664 1990 GMC PICKUP 10/05/90 M ALT 5 5 t 18d 0 3,654 2,436 6,090 203 2,436
00895 1983 DODGE PICKUP 06/15/91 M SL 5 5 3,612 0 361 722 2,529 62 722
30 - Transportation Equipment 97,189 0 54,754 16,766 25,669 1,399 16,766
LOCATION 7190 TOTAL 491,722 0 126;384 52,987 312,351 4,389 52,987
920723
I
IR
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i Il
2. EXHIBIT
III
I til ,
ll
a
14. EXHIBIT
I
920724
r
i
I EXHIBIT
/
,11
I
il
�' I
EXHIBIT
920n4
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EXHIBIT
920724
(1:::: : 71:1)
Personal Pro
VALUATION ANALYSIS
as of
January 1 , 1992
m. 1: - _ - ,- .
<
r "
< il.a� ana9 Fa' Inc.
'26Q ./est •ir C1� h f act 69
a Kerse ,. Coloracit '=: $ Q44
x
Hearing Date: July 30, •1992
Weld County
Account #0016708
PTRI #, 305Q
Property Tax Representatives, Inc.
Two VV- 39th Street, Suite 202
Kansas C. Missou;i°64111
(816) 561-4646
9207,E
IIPt Firm
PROPERTY TAX REPRESENTATIVES, INC.
July 30, 1992
Weld County Board of Equalization
915 10th Street
P.O. Box 758
Greeley, Colorado 80632
Dear Board Members:
Attached herewith, please find the supporting documentation that supports our appeal for
National Hog Farms, Inc. on the following issues:
1.) Valuation issue of livestock equipment.
2.) Exemption request for taxpayer's disinfectant equipment pursuant to the
precedent that the Colorado Supreme Court upheld in Morning Fresh Farm,
Inc. v. Weld County BOE, et al, 794 p. 21, 1075 (Colo. App. 1990).
Should our document warrant further discussion or additional information, please let us
know.
Property Tax Representatives, Inc. thanks you for your consideration in this appeal and will
await your decision.
Sincerely,
j
Cindy L. Magill, CKA
Valuation Consultant
CLM/mf
Attachments
0ZO4
TWO WEST 39TH STREET • SUITE 202 • KANSAS CITY, MO 64111 • (800) 745-PTRI • FAX: (816) 561-0666 • PHONE: (816) 561-4646
4:
PROPERTY TAX REPRESENTATIVES, INC.
PROPERTY TAX CERTIFICATE OF AUTHORITY
J1r,c:.
Date: March 5, 1992 wF .
TO WHOM IT MAY CONCERN:
This document certifies that Property Tax Representatives, Inc. (PTRI) and\or its
designees is hereby authorized to represent the undersigned in all matters of property
tax assessments before any governmental assessing officials or any other authority
having jurisdiction regarding the assessment levied on the following described property:
National -Hoz Farms, Inc. •
-
25000 WCR 69
Kersey, Colorado 80644
By: idaSla,6 t
(Owner " Officer of the C ' pany)
Corporate Title: Z1; Tc'\44--r,0,¢q, "
Typed Signature: crag (I11 e,clorf
Company: National Hog Fauns, Inc.
Address: acnnn WCR (,9, KPrc y. (Yl 8n644,
Phone Number of Signatory: (816) 221-4501
TWO WEST 39TH STREET • SUITE 202 • KANSAS CITY, MO 64111 • FAX: (816) 561-0666 • PHONE: (816) 561-4646
.description of Property/Operation
National Hog Farms, Inc. is located in Weld County, Kersey, Colorado which is
approximately 20 miles east of Greeley, Colorado and the operation stretches across 20,188
acres of grassland.
National Hog Farms operation consists of twelve (12) production units (sites) with 17
buildings that vary as follows:
20' x 50' Office buildings & work/storage areas
41' x 358' Breeding-gestation buildings
41' x 296'6" Gestation buildings
•
28' x 252' Farrowing I buildings
28' x 245' Farrowing II buildings
24' x 223'6" Nursery I buildings
24' x 171'6" Nursery II buildings
44' x 165' Grow finish buildings
10' x 14' Generator room
84' x 84' Power washer shed
All of the facilities livestock buildings have concrete slatted floors that are flushed several
times daily when a "tip tank" in each building fills to a certain level and tips over, flushing
all waste through the floor to a basement level below. Each basement is slopped 1.5% so
that the waste washes to one end and is then channeled through a 10 inch sewer line to a
screening station, where liquids and solids are separated. Liquids are channeled into
aeration tanks where ammonia is churned off and then to irrigators for ground application.
Solids are spread across the farms. The development of this system and the operation of
this farm is one that is self contained and in which the livestock does not touch the ground.
Each unit is staffed by nine (9) people including an on-site manager. The operation had
houses built just off the farm for each of its 12 production unit managers.
Total hog capacity of the operation is approximately 182,000 hogs. This is a complete
farrow to finish hog operation. As typical of this type of operation, pigs are weaned at 17-21
days before being moved to a nursery for 6-7 weeks and then a growout for 18-19 weeks.
Pigs are penned according to sex and size and assigned lot numbers for recording their
history. Hogs are marketed at 250 lbs. Sows are bred back six days following the weaning
period and are naturally bred.
In summary, National Farms operation was designed and built for a single special use hog
facility.
920724
Issue #1 Valuation Issue of Livestock Equipment
It is Property Tax Representatives, Inc. (P1_RI) position that by valuing the livestock
equipment by the cost approach and applying the percent good factors recommended by the
Colorado Division of Property Taxation, the County does not arrive at actual value for this
type of equipment as defined by Colorado Statute 39-1-103 (see exhibit A). Appropriate
consideration to the three approaches to value was not considered in arriving at the 1992
personal property assessment for National Hog Farms, Inc.
It is the opinion of P FRI that the classification of the property of National Hog Farms, Inc.
is that of a single purpose property, thus having only one use. Therefore the livestock
equipment pertinent to the operation (raising hogs) of the facility has only one use. The •
typical hog farm is one that is owned by an individual and is operated as a means of a
livelihood. Currently there are approximately three to four different corporations that own
and operate facilities on this large of a scale. This creates limited supply and demand for
this type of equipment which tends to drive used equipment values down.
Market Approach
In researching market sales for this type of equipment, PTRI has found that used livestock
equipment will resale anywhere from 10-50% of the original retail cost, with the upper limit
ranging from 30-40% of original cost depending upon the age and condition of the
equipment according to sources as outlined in exhibit B.
Also, according to Pat Lubisher at Sand Livestock Systems, if livestock equipment were to
sell on the open market from such a large scale facility as National Hog Farms, Inc., it would
sell for less than 30-40% of original cost.
Cost Approach
P 1'RI contends that the percent good factors utilized by the County to measure the value
remaining in the livestock equipment does not accurately reflect actual value of the
equipment as:
1. The percent good factors were developed for usage of typical properties and
not for single purpose properties such as National Hog Farms, Inc.
2. The percent good factors are generic in nature and was designed to be
generally useful for the majority of personal property, not specific to any
particular industry or type of personal property.
3. The development of the percent good factors are for mass appraisal purposes
only, which does not accurately value special purpose or single purpose
property.
Please refer to exhibit C in the Addendum which is a copy of Appendix IV-C, page 1, of the
December 11, 1991 memo issued by Mary E. Huddleston, Property Tax Administrator, State
of Colorado, that supports the above stated reasons.
920724
The important factor when considering the application of the cost approach for single
purpose properties is that the depreciation estimate should be developed from the market
and represents a value loss to any potential user and not just the current owner/occupant
or a hypothetical purchaser with the same need and desires as the current owner/occupant.
Income Approach
The income approach to value was considered and determined not to be representative of
actual value when compared with similar properties since this facility is a fairly new one (less
than 3 years old) and the data was insufficient to form an appraisal conclusion.
Conclusion
Pursuant to 39-1-103 (13)(a) (see exhibit D) "...the cost approach shall establish the
maximum value of property..." and 39-1-103(13)(c) (see exhibit E) goes on to state that
"...however, nothing in this subsection (13) shall preclude the assessing officers from
considering the market approach or income approach to the appraisal of personal property
when such consideration would result in a lower value of the property..."
According to the market information researched by PTRI, it is our appraisal conclusion that
the appropriate valuation procedure in valuing National Hog Farms, Inc. depreciated
livestock equipment would be derived from the actual market.
National Hog Farms, Inc. reports the livestock equipment as follows, ...ie. Unit 1 Finishing
equipment, Unit 1 Farrowing equipment..., in correlating this information, it is the opinion
of Property Tax Representatives, Inc. that the proper percent good factor for the livestock
equipment should be 35%.
•
tr.42;'0724
Issue #2 Exemption Request for Disinfectant Equipment
The Colorado Constitution Article X, Section 1(1)(c) provides: "The following classes of
personal property, as defined by law, shall be exempt from property taxation: ... livestock;
agricultural and livestock products; and agricultural equipment which is used on the farm or
ranch in the production of agricultural products."
Pursuant to the precedent of Morning Fresh Farms, Inc. v Weld County BOE. et al, 794
p.21, 1075 (Colo App. 1990) Property Tax Representatives, Inc. (PTRI) is hereby applying
for exemption for the disinfectant/cleaning equipment (see exhibit E) used in cleaning the
hog facilities.
The requirements that were met by the chicken farm was that, even though the laying hens
and chicks were kept in structures and never touched the ground "...Plaintiff's chicken
operation met the statutory definition of a farm." The acreage is a "parcel of land" and is
used to produce"agricultural products" as defined under section 39-1-102(1.1), C.R.S. (1989
Cum. Supp.). Section 39-1-102(1.1) defines agricultural and livestock products as "plant or
animal products in a raw or unprocessed state which are derived from the science and art
of Agriculture. Agriculture, for the purposes of this subsection (1.1), means farming,
ranching, animal husbandry, and horticulture. There is no requirement in the definition of
a farm that would exclude a portion of a farm which is self-contained and in which the
livestock does not touch the ground.
In Morning, the eggs were an "animal product" in a "raw or unprocessed state," and they
were sold for a monetary profit as an agricultural product. Thus, the chicken operation met
the statutory definition of a farm, and eggs, as agricultural products, emanate from the
productivity of this farm's land.
Hence this constitutional provision, the relevant statutes arid case law, when viewed as a
whole, clearly provide that the personal property in issue here is "agricultural equipment
which is used on a farm or ranch in the production of agricultural products."
The cleaning equipment of the chicken houses was discerned by the Colorado Supreme
Court and these are the facts. It is PTRI's position that this treatment of chickens is not
distinguishable from similar treatment of hogs and that Morning Fresh Farms is analogous
to our client, National Hog Farms, Inc.
PTRI feels that these requirements are also being met by National Hog Farms, Inc. as their
hog operation meets the statutory definition of a farm. The acreage is a "parcel of land"
and is used to produce "agricultural products" as defined under section 39-1-102(1.1), C.R.S.
(1989 Cum. Supp.). Under section 39-1-102(1.1), agricultural and livestock products are
defined as "plant or animal products in a raw or unprocessed state which are derived from
the science and art of Agriculture. Agriculture, for the purposes of this subsection (1.1),
means farming, ranching, animal husbandry, and horticulture." There is no requirement in
the definition of a farm that would exclude a portion of a farm which is self-contained and
in which the livestock does not touch the ground.
9.:O"12,4
Here, the "animal product" is in a "raw or unprocessed state," and is sold for a monetary
profit as an agricultural product. Thus, the hog operation falls under the statutory definition
of a farm, as agricultural products, emanate from the productivity of this farm's land.
The Colorado Constitution article X, section 1(1)(c) provides: "The following classes of
personal property, as defined by law, shall be exempt from property taxation: ... livestock;
agricultural and livestock products; and agricultural equipment which is used on the farm or
ranch in the production of agricultural products."
Hence this constitutional provision and the relevant statutes, when viewed as a whole, clearly
provide that National Hog Farms, Inc. personal property in issue here is "agricultural
equipment which is used on a farm or ranch in the production of agricultural products."
Therefore it is Property Tax Representatives, Inc. opinion that this equipment should be
exempted from ad valorem taxation as upheld by the Colorado Supreme Court in the
Morning Fresh Farms case.
•
•
920724
" 'Farm' means a parcel of land which
is used to product agricultural products
that originate from the land 's
productivity for the primary purpose of
obtaining a monetary profit. "
C.R.S. 39-1 -102(3.5)(1991 )
920 724
"Agricultural and Livestock Products
39-1 -102(1 . 13) C.R.S.
This definition includes all plant or animal products in the raw or
unprocessed state. These would include, but are not limited to
products such as, alfalfa, all grains, eggs, milk, and fruit. All of
these products are exempt from ad valorem taxation. Any items
not qualifying as agricultural and livestock products for any
processed products may qualify for exemption as 'inventories or
merchandise and materials primarily held for sale'. "
15-DPT-AS
PUB ARL Vol 5 2-89
Revised 1 .91
920724
"The following classes of personal
property, as defined by law, shall be
exempt from property taxation : . . . .
livestock; agricultural and livestock
products; and agricultural equipment
which is used on the farm or ranch in
the production of agricultural
products . "
Colo. Const. art. X, @ 3(1 )(c)
920724
"Agricultural Equipment Used on the Farm or Ranch
39-1 -102(1 .3) C.R.S.
All of the following qualifications must be met for the property
to be exempt as agricultural equipment:
1 . With one exception, the agricultural equipment must
be personal property to be exempt. Fixtures, as
defined in 39-1 -102(4), C.R.S. are to be valued as part
of the building or structure and are assessed at 29%.
However, any mechanical system used on the farm or
ranch for the conveyance and storage of animal
products in a raw or unprocessed state is exempt
regardless of whether or not it is affixed to real
property.
2. The equipment must be used on a farm or ranch, that
is, land where agricultural products are originated from
the productivity of the land or which is grazed by
domestic animals.
3. Only equipment which is used to plant, grow or
harvest an agricultural product, raise or breed
livestock, or mechanical systems which are used to
convey and store animal products in a raw or
unprocessed state shall be exempt. "
15-DPT-AS
PUB ARL Vol 5 2-89
Revised 1 .91
920724
LEVEL 1 - 3 OF 3 CASES
MORNING FRESH FARMS, INC. , Petitioner-Appellant, v. WELD
COUNTY BOARD OF EQUALIZATION, WELD COUNTY ASSESSOR, and
COLORADO BOARD OF ASSESSMENT APPEALS, Respondents-Appellees
No. 89CA0457
Court of Appeals of Colorado, Division Two
794 P. 2d 1073 ; 1990 Colo. App. LEXIS 73 ; 14 BTR 361
' March 22 , 1990, Filed and Entered
SUBSEQUENT HISTORY: Rehearing Denied April 19 , 1990 . Certiorari Denied July 23 ,
1 90 .
PRIOR HISTORY: (**1]
A_ peal from the Board of Assessment Appeals of the City and County of Denver,
No. 6191.
920724
794 P. 2d 107 * ; 1990 Colo. App. LEXIS 3 , **1
•
DISPOSITION: Order reversed and cause remanded with directions.
:LJNSEL: Stientjes and Shaddock, Harlan C. Stientjes, Greeley, Colorado,
attorneys for petitioner-appellant.
Duane Woodard, Attorney General, Charles B. Howe, Chief Deputy Attorney
General, Richard H. Forman, Solicitor General, Larry Williams, First Assistant
Attorney General, Denver, Colorado, attorneys for respondents-appellees Colorado
B 3rd of Assessment Appeals.
_ Thomas O. David, County Attorney, Jan Rundus, Assistant County Attorney,
G aeley, Colorado, attorneys for respondent-appellee Weld County Board of
E aalization and Weld County Assessor.
J"DGES : Opinion by Justice Hodges* . Smith and Marquez, JJ. , concur.
* Sitting by assignment of the Chief Justice under provisions of the Colo.
Cnnst. , art. VI , Sec. 5 (3) , and @ 24-51-1105, C.R.S. (1988 Repl . Vol. 10B) .
OcINIONBY: HODGES
•
920724
794 P. 2d 10?. *; 1990 Colo. App. LEXIS ; , **1
OPINION: [*1074] Opinion by Judge HODGES.
Plaintiff, Morning Fresh Farms, Inc. , appeals the order of the Board of
Assessment Appeals (BAA) denying plaintiff' s request for exemption of personal
roperty used on its farm. We reverse.
The facts in this case are undisputed. Plaintiff owns an 800-acre farm on
-hich corn, [**2] wheat, and alfalfa are grown on all but approximately 40
ores . On those 40 acres, plaintiff has 25 buildings housing approximately
/50, 000 laying hens and the equipment necessary to gather, convey, wash, candle,
weigh, sort, package, and refrigerate the eggs (egg handling equipment) . A small
ercentage of the chicken feed is produced on this farm. Plaintiff purchases
_ay-old chicks to replace laying hens, and the replaced laying hens and chicken
manure are sold. The laving hens and the chicks are kept LEI of rnctnraa and ever
-ouch the ground.
Plaintiff applied for a personal property tax exemption for the egg handling
equipment, and for the items used in cleanina_the chicken houses, and
accinating the chickens. The BAA denied plaintiff' s request for an exemption.
it determined that plaintiff ' s "egg production, raising replacement laying hens,
and sale of fertilizer . . . . " did not fall within the definition of a farm
et out in @ 39-1=142 (2 . 5) , C.R. S. (1989 Cum. Supp. ) . The BAA concluded that:
•
920724
794 P. 2d 1073 , )74 ; 1990 Colo. App. LEXi: 3 , **2
T]his operation i . entirely sea cm_rthe lain;rff,'s1. farming;,`operation:
_h the production'- of eggs_-and replacemesit'laying-hens-"are ',tottally.`self
,'
`hens ever touch the
stained. Neither the pullets nor -[**3] -- laying round
g
Plainti£f.contends_.that the:.BAA erred ui_its conclusion-that"the-portion of _
_aintiff's farm devoted to the production-of_eggs, does_not meet the-definition
' a farm usider@;3`9 T-102`(35) : CYe agree._ '
Section 39-1-102 (3 . 5) defines a farm as:
parcel of land which is used to produce agricultural products that originate
am the land' s productivity for the primary purpose of obtaining a monetary
:ofit. "
Plaintiff ' s chicken operation meets the statutory definition of a fan . The
:reage is a "parcel of land" and is used to produce "agricultural products" as
≥fined under @ 39-1-102 (1. 1) , C.R.S . (1989 Cum. Supp. ) . Under @ 39-1-102 (1. 1) ,.
ricultural and livestock products are defined as "plant or animal products
raw or unprocessed state which are derived from the science and art of
;riculture. 'Agriculture', for the purposes of this subsection (1. 1) , means
retina, --inching, animal husbandry, and horticulture. " There is no
4224
794 P. 2d 1073 , 074 ; 1990 Colo. App . LEX1 73 , **3
•
:c�uirement in the definition of a farm that would exclude a portion of a farm
Loh is self-contained and within which the livestock does not touch the
.cund.
Here, the eggs are an "animal product" in a "raw or unprocessed [**4 ]
ate, " and they are sold for a monetary profit as an agricultural product.
Ills, the chicken operation falls under the statutory definition of a farm, and
as farm'
s as icul agricultural products, [*1075] emanate from the productivity of
Colo. Const. art. X, @ 3 (1) (c) provides :
•
_ze following classes of personal property, as defined by law, shall be exempt
:om property taxation: . . . livestock; agricultural and livestock products;
d agricultural equipment which is used on the farm or ranch in the production
agricultural products. "
-nce, this constitutional provision and the relevant statutes, when viewed as a
ole, clearly provide that the personal property in issue here is "agricultural
4uipment which is used on a farm or ranch in the production of agricultural
roducts. "
.i A.
794 P. 2d 1073 , 075 ; 1990 Colo. App. LEX1 73 , **4
If, as here, the facts are not disputed, but the law was erroneously applied
t the facts, the order will not be upheld on review. See Raynor Door, Inc. v.
C arnes, 765 P. 2d 650 (Colo. App. 1988) .
- The order is reversed, and the cause is remanded with directions to enter an
c •der exempting the subject personal property used in plaintiff' s chicken
operation.
920724
Addendum
A) Copy of Colorado Statute 39-1-103
B) Market Research Sources
C) Appendix IV-C, page 1 of Dec. 11, 1991 memo, Issues by Mary E. Huddleston,
Property Tax Administrator, State of Colorado
D) Copy of Colorado Statute 39-1-103(13)(a)
E) Copy of Colorado Statute 39-1-103(13)(c)
F) Schedule of National Hog Farms, Inc. disinfectant equipment.
G) County Assessor's worksheets
H) County Assessor's Notice of Denial
9a3724
EXHIBIT "A"
•
(f) Calligraphy;
(g) Mixed media composed of any combination of forms or
media; or
(h) Unique architectural embellishments.
39-1-103. Actual value determined - when. (1) The
valuation for assessment of producing mines and nonproducing
mining claims shall be determined as provided in article 6 of
this title.
(2) The valuation for assessment of leaseholds and lands -
producing oil or gas shall be determined as provided in
article 7 of this title.
(3) The actual value for property tax purposes of the
operating property and plant of all public utilities doing
business in this state shall be determined by the
administrator, as provided in article 4 of this title.
(4) (a) Repealed , L. 83, p. 1485, section 11, effective
April 22 , 1983.
(b) The valuation for assessment of mobile homes shall
be determined as provided in section 39-5-203.
(5) (a) All real and personal property shall be ,
appraised and the actual value thereof for property tax •
purposes determined by_ the assessor of the county wherein such
property is located Tfie act a ,aiue u�cfizprairerxtoirhe
than'-agtO,'c 1Ktur Y ,tc rlci �+ . w; r,t� dtngg itT rovem
may.
f a i 'i 0 ., es1� en real�Ypro erty a i.if to 0 ..
.w W.. ',f44 4 Mich Cam J oe.... f' ' ,.... X►h *AY4 ..70.4.10.4-"colc y
than '`pradcletb manesTrartd,ntands'�or 'ieasehdeds..prodWGang '
gas sham be_-- t1i�a i_ , -ue. , e cr ied,4,,,, X a - ' ism•
antideeratiori'eci1" they ost approac ,;« hemarket approach,.
the`;'7ncairte.apprvattit- 0.;.appifafsa`P' The assessor shall consider
a document-,Yal�l elem
nd ` ents— of such approaches that are
applicable prior to a determination of actual value. Despite
any orders of the state board of equalization, no assessor
shall arbitrarily increase the valuations for assessment of
all parcels represented within the abstract of a county or
within a class or subclass of parcels on that abstract by a
common multiple in response to the order of said board. If an
assessor is required, pursuant to the order of said board, to
increase or decrease valuations for assessment, such changes
shall be made only upon individual valuations for assessment
of each and every parcel , using each of the approaches to
appraisal specified in this paragraph (a) , if applicable. The
actual value of agricultural lands, exclusive of building
improvements thereon, shall be determined by consideration of
the earning or productive capacity of such lands during a
reasonable period of time, capitalized at a rate of thirteen
percent. The actual value of residential real property shall
(1990) -8-
-24
EXHIBIT "B"
Pat Lubisher and Kevin Wrath. Sand Livestock Systems, 1418 25th St., Columbus.
Nebraska 69601, (402)564-1211 (This is the company that sold the livestock
equipment to National Farms for the Colorado facility.)
Bud Sinclair. California Pellet Mills. Littleton. Colorado (303)797-2733
Harold Meyers. National Farm Products. Inc. (402)925-2822
920724
EXHIBIT "C"
-=PENDIX IV-C, Pace 1 'he cry:
PERCENT GOOD TABLE
The personal property percent rood table is provided to assist the
assessor in estimating the repiacemant cost new less normal depreciation
L (RCNLD) . The column heeurnos represent
the
eralWsrvice- ifre
exractancy of the personal ^property being appraised.
Each column .
contains the percent good factor for a specified age in the life of the
property.
Percent good tables measure the value remaining in an item. Depreciation
tables measure the loss in value at a specified age . The factor shown in
the columns of the percent good table represents the percentage of RCN
remaining at a specified age.
The percent good tables are built upon several assumptions :
1) Iowa State University property retirement and depreciation
studies
2) A specified rate of return typical property
3) Average condition and usage of
4) Use of the table for mass appraisal purposes only .
The percent good table is generic in nature . trwasrddesignedstoobe
generally useful for the majority ofpersonal persona property .i It is
t
specific to any particular industry or type
ovalid on a mass appraisal basis only .
The table was designed to measure physiica.l...`iapreceation. if Additional
d to
functional and/or economic..bdr iesc_nc_ may
ls exist, additional functional and economic obsolescence must be measured
in the marketplace either ushet to the percent good
ingt the
market
approach
o rent
tuloss the
methods. In addition, any
condition of the subject property must be substantiated and documented.
The minimum percent good shown for each of the columns is useful as a
guide to residual value. It is not absolutepd to be val an id . h
ed with
market inroimation for similar types of p an property i�. . _
markptol =ca" shnws that, the actual value of personal
different than the published minimum percent goad , the use or . the
minimum perceent goon would 'be. inappropriate .' "The ' actual ealtuelofs s the
l in
personal property must be determined as long as the property
use.
As the property under appraisal ages , the cost approach becomes less
indicative of the property value. After fifteen years of age, the
recommended valuation procedure is to measure the value of depreciated
equipment directly in the marketplace_.
15-DPT-AS •
ARL Vol 5 1-37 Q:01"�1
Revised 1-92
EXHIBIT "D"
nonproducing oil shale mineral interests, the following
limitations and conditions shall apply:
(a) • The assessor shall capitalize the annual rental
income for such nonproducing mineral interests at a
capitalization rate of thirteen percent. If nonproducing
mineral interests are unleased, the assessor shall use the
annual rental as defined in paragraph (b) of this subsection
(12) .
(b) For the purposes of this - subsection (12) , "annual
rental" means annual rental payments, or other compensatory
payments payable for the right to hold a mineral interest,
which payments are fixed and certain in amount and payable
periodically over a Fixed period calculated on a twelve-month
basis. "Annual rental " shall be the representative annual
rental for such mineral interests leased within the county or
the area, and "annual rental" does not include royalty
payments, advanced royalty payments, bonus payments , or
minimum royalty payments covering periods when the mineral
interests are not in production, even though said payments may
be fixed and certain in amount and payable periodically. For
the purposes of this paragraph "royalty payments"
"advanced royalty payments" , a and h„minimum oyalty a ments
P Y
means payments attributable to a portion of the current or
future mineral production of a mineral interest, paid far the
privilege " of producing minerals, and "bonus payments" means
compensation paid as consideration for the granting of a
mineral lease or other compensatory payments which are payable
regardless of the extent of use of the mineral interest and
which are fixed and certain in amount and .may be payable in
one or more periodical increments aver a fixed period.
(13) (a); The general assembly hereby finds and declares
that, in the consideration of the cost approach, market
approach, and income approach to the appraisal of personal
property by assessing officers, the_costtapproach-_ shall'
establish -the maximum value of property if all costs incurred
in' the 'acquisition and installation of such
and completely disclosed by the property
are fully
assessing officer.
p P Y owner to the
(b) Therefore, in the assessment of taxable personal
property, the assessing officer shall consider the value
derived from the cost approach to be the maximum value of the
property if the property owner has timely filed his
declaration and the declaration contains all relevant
information pertaining to the valuation of the property and,
also includes, a full disclosure of all costs incurred in the
acquisition and installation of all personal property owned by
or in the possession of the taxpayer.
(c) Assessing officers shall consider the cost approach
to the appraisal of property, pursuant to the provisions of
(1990) -12--
Z'0 7 '�
EXHIBIT "E"
this subsection (13) , in good faith and shall deny the use of
the cost approach only upon just cause that the requirements
set forth in this subsection (13) and in section 39-5-116 have
not been complied with by a taxpayer. -I-it'--is=determined-7at,
any time--that_.h-assessing_officer=wrongly.•denied-the•use of;
the: cot:approach;. such-assessing-_off icer=sha.11 _beheld:.l fable
for=a3 l rco sts-incurred.:by :the'7taxpayer•--i n--protesting--such-
assessment--•based = on ; such'::'denial . ,iftweuer nothing n _s.:
subsection 13 s11 • ar�s�f tom:�
nstdexing 4th ::WittaltAcW, tp jl r Fi '
apprai 1 r00 0111 " .` .E+ 'i dera-ion -would
resultl; 1n-- ivier-value of:__the=proper }„ and .when such
valuation is based. on independent information obtained by the •
assessing officers.
(14) (a) The general assembly hereby finds and declares
that, in determining the actual value of vacant land , there
appears to exist a wide disparity in the treatment of vacant
land. by the assessing officers of the various counties; that
the methods of appraisal currently being utilized by assessing
officers for such valuation remain unclear; and that such
assessing officers are provided detailed information
concerning the appraisal of vacant land in the manuals,
appraisal procedures , and instructions prepared and published
by the administrator.
(b) The assessing officers shall give.. appropriate
consideration to the cost approach, market approach, and
income approach to appraisal as required by the provisions of
section 3 of article X of the state constitution in
determining the actual value of vacant land. When"using--the-
market°'approach• to .appraisal -in determining the ,actual--value
of;-vacant_--land;•-•assessing•-off-icers -shall- take- into•"account;
but'heed "not.: limit '- their-"consideration =_to;*-the•-following
factors:: The anticipated market absorption rate, the size and • •
location of such land, the cost of development, any amenities,
any site improvements„ access , and use. When using
anticipated market absorption rates , the assessing officers
shall use , appropriate discount factors in determining the
present worth of vacant land until eighty percent of the lots
within an approved plat have been sold and shall include all
vacant land -in the approved plat. The use of present worth
shall reflect the anticipated market absorption rate for the
lots within such plat, but such time period shall not
generally exceed thirty years.
(c) (I) For purposes of this subsection (14) , "vacant
land" means any lot, parcel , site, or tract of land upon which
no buildings, structures, or fixtures are located. "Vacant
land" may include land with site improvements. "Vacant land"
includes land that is part of a development tract or
subdivision when using present worth discounting in the market
approach to appraisal ; however, "vacant land" shall not
include any lots within such subdivision or any portion of
such development tract which improvements, other than site
-13- (1990) .
920724
EXHIBIT "F" -
0
•
NATIONAL HOG FARMS , INC
•
DISINFECTANT EQUIPMENT ' -
___-_ AS OF 6/30/92
•
ASSET NO. DESCRIPTION DATEOFPURCHASE COST
•
•
•
370 Osinle dant Station 10!1/89 545653.00
_ 3_83 _—Truck OisinfedEauiprnent—_ 1011/89 ---X3131767.00
410 2 Pressure Washers__ __ 11/22%139 --
406 _ Pressure Washer — ------.-- $4176.18 413 00
1122/89
438 £4176.00
- EfecTrDisin(edStebon -- 1214/89 —"` — £.5,535.00
468 Pressure Washer 1/2—W90 —
511 Isala6on Buildin — ------ =2 806.00
• -_-~ 111/90 • _172172.00
__ 552 Karcher Pressure'V;asher
566 1Fm11 Pressure Washer j x26790 53157.00
604;Re ssu a Washer —X90 31 133.00
--T_--_- 6/9!50_ 11 185.00
643 Pressure Washer 621/30
24 Unit Power Washers '--' vices ---32879.00
--- -- - ,— ------- v ------- —. f36312.00
•
•
1196368.00 •
•
•
920724
JUL 27 ' SE 9 : 34 EXHIBIT "G" &HGE . uda
/09/92 - National Farms, Inc- - 1992 Page 35
DEPRECIATION SCHEDULE BT LOCATION
Far the Fiscal Tear through 12/31/92 02171011L4 ,
Book Schedule
4-9 !_`er
�7
Nett Hog Farm - Finishing
• Sec179 Prior Yr Current Annual Deer Through
to Description Date Svc Method Lf Cost Bane Accua Dep Tear Dep Net Book Cur Per 12/31/92
439 FINISH COMPLEX UNIT #1 09/30/89 5/L 12 1 585,674 0 109,814 48,806 427,054 4,069 48,806
uu440 FINISH COMPLEX UNIT 92 09/30/89 5/L 12 \648,217 0 121,541 54,018 472,658 4,496 54,018
00544 UNIT Y3 FINISHING 04/30/90 M ALT10 12 555,202 0 69,400 46,267 439,535 3,851 46,267
572 UNIT #4 FINISHING BUILD 05/31/90 M ALTIO 12 548,971 0 68,622 45,748 434,601 3,816 45,743
648 UNIT A5 FINISHING 08/31/90 M ALTt° 12 ‘p1,014 0 66,377 44,251 420,386 3,653 44,251
00649 UNIT 06 FINISHING 08/31/90 M ALT10 12 ;28,051] 0 66,011 44,007 418,072 3,670 44,007
-639 UNIT 7 FINISHING 10/31/90 M ALT10 12 5b8,127 0 63,516 42,344 402,267 3,525 42,344
690 UNIT S FINISHING 10/31/90 M ALTIO 12 5 .163 0 68,070 45,380 431,113 3,778 45,380
00691 UNIT 9 FINISHING 10/31/90 X ALT10 12 55 , 89 0 69,324 46,216 439,049 3,855 46,216
90817 Unit 10 Finishing Bldg 01/31/91 M ALT10 12 54 846 0 22,619 45,237 474,990 3,767 45,237
'818 Unit 11 Finishing bldg 01/31/91 M AlT10 12 54 013 0 22,709 45,418 476,886 3,783 45,418
_1819 Unit 12 Finishing Bldg 01/31/91 M ALTIO 12 5 ,- /-6 0 23,314 46,629 489,603 3,883 46,629
00868 Load out Building 05/31/91 H SL 15 15 0, 11 0 1,020 2,041 27,550 171 2,041
1869 Load out corrals 05/31/91 M SI- 15 15 10,122 0 337 675 9,110 59 675
N27 CONCRETE LOADouT DOCK 11/05/91 M SL 15 15 1,324 0 44 88 1,192 11 88
00943 LOADCUT CORRALS - ADO ON 12/15/91 M SL 10 10 2,548 0 127 - 255 2,166 24 255
- Buildings (1) 6,696,457 ge 0 772,845 557,380 5,366,232 46,441 557,380
00159 JO M0T0RCRADER U/VEE PLO 11/28/88 M 5L 7 7 /38,_625-/ 0 22,077 5,518 11,030 458 5,518
1176 AUGMENTATION METER INSTR 01/24/89 M SI. 7 7 '1,094- 0 390 156 548 13 156
13551 EQUIP FINISH COMPLEX 01 09/30/89 5/L 12 '697,770' 0 130,833 58,148 508,789 4,842 58,143
00352 EQUIP FINISH COMPLEX 02 09/30/89 5/L 12 . 696,204' 0 130,538 58,017 507,649 4,832 58,017
-1393 FINISH CC$PLEX UNIT d1 10/31/89 S/L 12 . 3,654"/ 0 661 305 2,688 30 305
X510 ILIS FAT-TEST 03/08/90 M ALT 5 5 532`. 0 159 106 267 7 106
00547 UNIT 03 FINISHING EQUIP 04/30/90 M ALT 7 12 696,204V 0 87,025 58,017 551,162 4,832 58,017
M566 EXCELL ➢RESSURE WASHER 05/08/90 M ALT 7 10 1,133✓ 0 170 113 850 14 113
576 ma HOG SCALES 05/21/90 M ALT 7 10 1,267`1 0 190 127 950 6 127
„5577 UNIT 44 FINISHING EQUIP 05/31/90 M ALT 7 12 696,2041 0 87,025 58,017 551,162 4,832 58,017
00654 EQUIP - UNIT 5 08/31/90 M ALTIO 12 696,204 1 0 87,025 58,017 551,162 4,832 58,017
455 EQUIP - UNIT 6 08/31/90 M ALT10 12 696,204`/ 0 87,025 58,017 551,162 4,832 58,017
1693 UNIT 7 FINISHING EQUIP 10/31/90 X ALT 7 12 696,204d 0 87,025 58,017 551,162 4,832 58,017
00694 UNIT 8 FINISHING EQUIP 10/31/90 K ALT 7 12 696,204✓ 0 87,025 58,017 551,162 4,83Z 58,017
-`695 UNIT 9 FINISHING 84UIP 10/31/90 M ALT 7 12 696,204✓ 0 87,025 58,017 551,162 4,832 58,017
X704 WHET TANK UNIT 01 11/30/90 HALT ALT 7 12 17,950 1. 0 2,244 1,496 14,210 121 1,496
00705 WHET TANK UNIT 02 11/30/90 M ALT 7 12 22,474✓ 0 2,809 1,873 17,792 157 1,873
00706 WHEY TANK UNIT 03 11/30/90 M ALT 7 12 22,328✓ 0 2,791 1,861 17,676 156 1,861
1707 WHET LINE UNITS 1-12 11/30/90 M ALT 7 12 37,47-3.1/ 0 4,684 3,123 29,666 263 3,123
1708 68 CHUTES IX FINISHING 11/30/90 M ALT 7 12 25 746 / 0 3,218 2,145 20,383 176 2,145
00807 Pneu-Save controls 01/24/91 M SL 7 7 20,805 0 1,486 2,972 16,347 244 2,972
T820 3 5000 Hog Sct v/sgt gat 01/08/91 N SC 7 7 1,694/ 0 121 242 1,331 22 242
1821 Unit 10 Finishing Equip. 01/31/91 H ALTIO 12 696,204' 0 29,008 58,017 609,179 4,832 58,017
00822 Unit 11 Finishing Equip. 01/31/91 M ALT10 12 696.20C- 0 29,008 58,017 609,179 4,332 58,017
00823 Unit 12 finishing Equip. 01/31/91 M ALT10 12 696,204" 0 29,008 58,017 609,179 4,832 58,017
1249 500 LB Hog Scales 03/12/91 H SL 7 7 1.130`1 0 81 161 883 18 161
.4872 52 Finishing chutes 05/31/91 M SL 7 7 21,837/ 0 1,560 3,120 17,157 260 3,120
00875 Whey Lines 05/31/91 H SL 7 7 3,554 0 254 508 2,792 46 502
)874 Washer and Dryer 05/31/91 M SL 7 7 651 / 0 46 93 512 5 93
:375 Two scales at Units 05/31/91 H SL 7 7 18,779 0 1,341 2,6
83 14,755 219 2,683
00o T1 Pivoting handle 10/09/91 H SC 7 7 2.955 ✓ 0 211 423 2,324 38 423
SZenyil
3:09/92 National Farms, Inc. - 1992 Page 36
DEPRECIATION SCHEDULE BT LOCATION
For the Fiscal Tear through 12/31/92
Book Schedule
Matt Nog Farm • Finishing
_ Secl79 Prior Yr Current Annual Depr Through
Nun Description Date Svc Method Lf Cost Bonus ACcun Dep Tear Oep Net Book Cur Per 12/31/92
20 - Equipment <1) (yrc4g1918 w 599 0 1,002,063 723,360 6,874,275 60,247 723,360
0702 Wilson Trailer 02/04/91 M SL 5 5 .72\1\1:1171,15:7
8 0 778 1,556 5,444 126 1,556
00716 1967 AMERICAN TRAILER 11/27/90 M ALT 5 5 2 0 0 825 550 1,375 44 550
_0810 Tansy Lift Gate 03/05/91 M SL 5 5 1, 47 0 105 209 733 22 209
0881 TO41T LIFT CGATE 05/29/91 N SL S 5 1, 7 0 105 209 733 22 209
v0922 Used Utility Trailer 10/29/91 N 51. 5 5 ??`` 0 90 180 630 15 180
0 -_Transportation Equipment 13,522 fries 0 1,903 2,704 8,915 229 2,704
LOCATION 7100 TOTAL 15,309,677 0 1,776,811 1,283,444 12,249,422 106,917 1,283,444
•
924
03/09/92 National Farms, Inc. - 1992 Page 38
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Year through 12/31/92
Rock Schedule
cl Nog Farm - Farrowirm
Sec179 Prior Tr Current Annual Depr Through
}hm Description Date Svc Method Lf Cost Bonus Accva Dep Year Dep Net Book Cur Per 12/31/92
.-244 CABINETS UNIT #2 07/12/89 K St 7 7 394 . ,0 140 56 198 1 $6
00245 TWO OFFICE' DESKS 07/15/89 K SL 7 7 468cFC-Y1 167 67 234 1 67
246 TWO SECRETARY CHAIR 07/15/89 M SL 7 7 247 Oro 0. 88 35 124 2 35
258 THREE XOSILE RADIOS 07/07/89 M SL 7 7 1,335 L46-4(0 477 191 667 15 191
00259 CABINETS UNIT #2 07/17/89 H SL 7 7 340:4 0 122 49 169 5 49 '
'-250 WASHER,DRYER,RANGE, REFR 07/20/89 X SC 7 7 7,522 sci'.✓NQ 543 217 762 19 217
264 LIVESTOCK TRAILER 08/07/89 X SL 5 5 3;.n 0 1,635 654 981 49 654
00318 GR SWRCE HEAT PUMP HSE 09/30/89 H SL 5 5 &197 C£ 0 4,100 1,640 2,459 133 1,640
00328 EMT-1 PUMP HWSE 10/31/89 M SL 7 7 25,127X _ ,0 8,975 3,590 12,562 301 3,590
345 WASHER, DRYER 10/11/89 M SL 7 7 572 w 170 205 82 285 5 82
346 RANGE, REFRIGERATOR 10/11/89 M SC 7 7 877:9 /%0 313 125 439 15 125
00347 GR SOURCE HEAT PUMP HSE 07/30/89 M 5L 7 7 8,-15$1.Q& ✓0 2,928 1,171 4,100 93 1,171
353 ALPINE CABINETS 09/13/89M SL 7 7 - 2,321«/x' ' 0 830 332 1,159 24 332
354 LAB CABINETS 09/13/89M SC 7 7 340:4 0 122 49 169 5 49
00355 LAB CABINETS 09/13/89 14 SL 7 7 340/ 0 122 49 169 5 49
00356 WATER HEATER 09/14/89 N SL 7 7 2-4T9P.i yp 1,042 417 1,460 32 417
357 DESK & CHAIR 09/12/89 M SL 7 7 358 <-"}7 128 51 179 7 51
...358 WASHER,DRYER,RANGE & REF 09/30/89 M 5L 7 7 1,490 34]vvv'O 532 213. 745 15 213
00339 EQUIP FARROW COMPLEX #3 09/30/89 5/C 12 623,594 0 116,924 51,966 454,704 4,325 51,966
371 EQUIP FARROW COMPLEX #4 10/31/89 5/L 12 623,594 „Ai 112,593 51,966 459,035 4,325 51,966
372 DESK 10/25/89 M SL 7 7 2340'."0 83 33 118 0 33
00373 SEWAGE PIT HOUSE #3 10/31/89 M 5L 7 7 1-167- Al?v0 167 583 13 167
"408 TOMHT GATE 11/27/89 M SL 7 7 1,051.V"9 375 150 526 7 150
409 ANDERSON-HICKEY DESK 11/29/89m SL 7 7 234,2;:-. 0 83 33 118 0 33
00437 WALK ON TRAILER 11/17/89 H SL 5 5 12,600:)< 0 6,300 2,520 3,780 210 2,520
00451 DESK 01/08/90 M ALT 7 7 /234C.-1.CI b 50 33 151 0 33
452 WIRING REFRIG TRAILER 01/03/90 M ALT20 10 47151• 0 620 413 3,098 39 ' 413
466 APPLIANCES ENP HWSEE #7 01/01/90 M ALT 7 5 1,449-....c/ 0 435 290 724 26 - 290
00496 EQUIP FARROW UNIT 16 01/31/90 14 ALT 7 7 /623,594✓ 0. 133,627 89,085 400,882 7,421 89,085
506 DESK UNIT *9 03/16/90 X ALT 7 7 ✓ 246E?_ "7411 53 35 158 2 35
509 WASHER,DRTER,REFRIGERATO 03/01/90 H ALT 7 7 ./1,4714,\,-.6 315 210 946 12 210
00520 EQUIP FARROW COMPLEX #9 03/31/90 M ALT10 12 1623,5941/ 00 77,949 51,966 493,679 4,325 51,966
00538 SECRETARY DESK & CHAIR 04/06/90 M ALT 7 10 a 375 uG"J 57 38 280 5 38
548 UNIT #8 FARROWING EQUIP 04/30/90 X ALT10 12 1623,594 '< 0 77,949 51,966 493,679 4,325 51,966
uu549 WHEY TANKS UNIT #2 04/30/90 M ALT 7 15 ./17,716X 0 1,772 1,181 14,763 103 1,181
0.0550 PROPANE TANKS UNIT #2 04/30/90 X ALT 7 10 ,ii 5,221 )4 0 783 522 3,916 38 522
531 WHET TANKS UNIT #1 04/30/90 M ALT 7 15 =17,417 :\ C 1,742 1,161 14,514 96 1,161
565 WASHER,DRYER,RANGE & RCF 04/13/90 M ALT 7 10 ,/1,571 %+t"s o 236 157 1,178 14 157
00578 ANDERSON HICKEY DESK 05/23/90 M ALT 7 10 ,-f 246 v4. 37 25 184 3 25
"1579 NO HOG TRAILERS/SCALES 04/20/90 M ALT 7 10 /12,450 jecC 6
0 1,88 1,245 9,337 101 1,245
580 WASNER,DRTER,RANGE,REFRI 05/04/90 M ALT 7 10 11,505rf1✓'0 226 151 1,128 8 151
00581 UNIT #7 FARROWING EQUIP 05/31/90 M ALT 7 12 ✓/623,594_ 0 77,949 51,966 493,679 4,325 51,966
00562 UNIT #5 FARROWING EQUIP 11/30/89 5/l 12__ 623.594 --R.'0
108,263 51.966 463,365 4,325 51,966
1533 FARM KING GRAIN AUGER 05/15/90 14 ALT 7 10 (,11,344\>- 0 201 134 1,009 13 134
598 FEED CART 05/31/90 X ALT 7 10 ✓959' 0 144 96 719 8 96
00599 WEED EATER 06/13/90 M ALT 7 10 ✓387 12 V)).. 58 39 290 6 39
"600 WASHER,DRTER,RANGE,FRIG 06/13/90 M ALT 7 10 x/1,697 y; ' D� 225 150 1,122 7 150
634 DESK & CHAIR 07/13/90 M ALT 7 10 375 GLC." 57 38 280 5 38
00638 FARROWING EQUIP UNIT #10 07/31/90 M ALT10 12 /623,594tC 0 77,949 51,966 493,679 4,325 51,966
40641 APPL IN EMP HWSE #11 08/06/90 M ALT 7 10 1/5402 0 227 151 1,132 8 151
656 UNIT #11 FARROWING EQUIP 08/31/90 M AITIO 12 /623.594)( 0 77,949 51,966 493,679 4,325 51,966
658 DESK & CHAIR 08/17/90 M ALT 7 10 ,/375 d(L"( 57 38 280 p 5 v+�- 38
9r's117+�
03/09/92 National Farms, Inc. - 1992 Page 32
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Year through 12/31/92
Book Schedule
cl Hog Farm - Farrowing
Sec179 Prior Yr Current Annual Depr Through
Num Description Date Svc Method Lf Cost Bonus Accum Dep Year Dep Net Bock Cur Per 12/31/92
__667 EMP HOUSING PLAYGROUND 09/30/90 M ALT 7 10 10,918 nix. 1,638 1,092 8,188 91 1,092
00663 UNIT #12 FARROWING EQUIP 09/30/90 M ALT 7 12 ✓623,594 /0 77,949 51,966 493,679 4,325 51,966
669 DESK & CHAIR 09/17/90 M ALT 7 10 V375 C.JeA 0 57 38 280 5 38
670 APPLIANCES EMP HOUSE #12 08/18/90 M ALT 7 10 /175L: ic,. 0 231 154 1,158 11 154
00709 20 CHUTES IN FARROWING 11/30/90 M ALT 7 12 /7,572 )„, 0 946 631 5,995 48 631
°n712 WALK ON TRAILER 10/16/90 M ALT 5 5 4,800 0 1,440 960 2,400 80 960
805 Elec Generator 03/12/91 M SL 7 7 7,000t/ 0 500 1,000 5,500 87 1,000
uu876 4 Farrowing Chutes 05/31/91 M SL 7 7 1,680' 0 120 240 1,320 20 240
00877 Water Well #3 05/31/91 N SL 7 7 102.,8 22. 0 7,350 14,700 80,849 1,225 14,700
879 GENERATOR CONVERTED 06/28/91 M SL 7 7 4,183✓ 0 299 598 3,286 48 598
903 1972 Wilson Trailer 09/30/91 M SL 5 5 7,900/ 0 790 1,580 5,530 128 1,580
00911 FOR EXT-Nurse Feed Test 09/25/91 M SL 7 7 1,824✓ 0 130 261 1,433 19 261
--923 Processing carts 10/29/91 N 5L 7 7 2,3771(/ 0 170 340 1,867 32 340
924 Bottom Bars for Breeding 10/11/91 N St 7 7 1,166✓ 0 83 167 916 13 167
2_0 • Equipment (1) Jct,rrcu,Et a aL2— 7,806,980 0 1,269;355 704,118 5,833,507 58,561 704,118
— ts58g4
_.162 1989 CHEV PICKUP 04/11/89 M St 5 5 0,887 0 4,943 1,977 2,967 162 1,977
00195 1986 CMG PICKUP 06/05/89 H SL 5 5 6,170 0 3,085 1;234 1,851 101 1,234
237 TWO TOMMY GATES 06/28/89 N SL 5 5 Q,101j 0 1,050 420 631 35 420
807 1983 FORD PICKUP 09/12/89 M SL 5 5 5,871 0 2,935 1,174 1,762 96 1,174
00361 T094Y GATE-1983 FORD PU 09/28/89 M SL 5 5 _r31.1.--/,' 0 525 210 316 12 210
^x362 ToMmY CATE-1985 FORD PU 09/28/89 M SL 5 5 ✓ 0 525 210 316 12 210
3;7 1983 CHEV PICKUP 11/03/89 M SL 5 5 2800 0 1,400 560 840 43 560
u0455 TOMMY GATE ON 83 CHEVY 01/16/90 N ALT 5 5 C °.5.1..� 0 315 210 526 12 210
00456 1983 CHEVY PICKUP 01/03/90 M ALT 5 5 3,500 0 1,050 700 1,750 62 700
473 1985 CHEVY PICKUP 01/29/90 M ALT 5 5 3,300 0 990 660 1,650 55 660
L74 1981 CHEVY PICKUP 01/29/90 M ALT 5 5 1,900 0 570 380 950 28 380
00473 1979 CHEV PICKUP 01/29/90 M ALT 5 5 1,900_ 0 570 380 950 28 380
1505 TOMMY GATE 03/14/90 M ALT 5 5 948 0 285 190 473 14 190
1540 1981 GNC PICKUP 04/18/90 M ALT 5 5 2,000_�� � 0 600 400 1,000 37 400
00541 TOMMY GATE 04/03/90 M ALT 5 5 / ,, 0 285 190 473 14 190
00555 TOMMY GATE 04/27/90 N ALT 5 5 (948:/' 0 285 190 473 14 190
622 TOMMY GATE 06/07/90 M ALT 5 5 948 r 0 285 190 473 14 190
-.--.,
.4623 1985 CMG PICKUP 06/13/90 N ALT 5 5 3,500 0 1,050 700 1,750 62 700
00624 1985 CHEVROLET PICKUP 06/12/90 M ALT 5 5 3,500 0 1,050 700 1,750 62 700
1625 1985 CHEVROLET PICKUP 06/12/90 M ALT 5 5 3,500 , 0 1,050 700 1,750 62 700
626 3 TOMMY GATES 06/21/90 M ALT 5 5 _ t'2 F2 843/ 0 853 569 1,621 52 569
00882 84 CHEV PICKUP 06/24/91 H SL 5 5 2,800 0 280 56a 1,960 43 560
°4853 86 CHEV PICKUP 06/24/91 M SL 5 5 3,600 0 360 720 2,520 60 720
1892 1973 CHEV PICKUP ' 08/21/91 M SL 5 5 1,500 0 150 300 1,050 25 300
30 - Transportation Equipment Ct tttt 0 24,491 13,524 29,602 1,105 13,524
i Et`f
1527 608 boars 03/15/90 M St 3 3 ,309,914 0 154,957 103,305 51,652 8,606 103,305
00528 6860 purchased sows 03/15/90 M SL 3 3 1 344,622 0 672,311 448,207 224,104 37,346 448,207
`1681 2849 RAISED 50V5 09/15/90 N SL 3 3 "04,900 0 143,570 94,967 46,363 7,913 94,967
/
1629 129 SOARS 01/15/91 M SL 3 3 79, 60 0 13,210 Z6,420 39,630 2,198 26,420
00830 23 Purchased Sows 01/15/91 M SL 3 3 8 625 0 1,457 2,875 4,313 235 2,875
0.0831 3911 RAISED SOWS 01/15/91 N SL 3 3 3 ,100 0 65,183 130,367 195,550 10,863 130,367
1837 162 RAISED SOWS 05/15/91 M SL 3 3 r 20 0 2,367 4,733 7,100 399 4,733
)913 67 Boors Purchased 09/15/91 14 SL 3 3 411770 0 6,962 13,923 20,885 1,163 13,923
920724
03/09/92 National Farm, Inc. - 1992
Page 40
DEPRECIATION SCHEDULE BT LOCATION
For the Fiscal Tear through 12/31/92
Book Schedule
Nett Hog Farm - Farrowing
5ec179 Prior Tr Current Annual Depr Through
Nun Description Date Svc Method Lf Cost Soros Accun Dep Tear Dep Net Hook Cur Per 12/31/92
00914 12 Purchased Sows 09/15/91 M SL 3 3 4,5 0 0 750 1,500 2,250 125
1,233
00915 1597 Raised Sous 09/15/91 M SL 3 3 1 9, 0 0 26,617 53,233 79,850 4,437 53,233
-00931 86 purchased sows 11/15/91 M SL 3 3 3‘ 0 0 5,375 10,750 16,125 894 10,750
00932 970 RAISED SOWS 11/15/91 M SL 3 3 000 0 16,167 32,333 48,500 2,699 32,333
00933 70 BOARS 11/15/91 M SL 3 3 46 390 0 7,732 15,463 23,195 1,284 15,463
_00939 427 RAISED SOWS 12/15/91 M SL 3 3 2,700 0 7,117 14,233 21,350 1,187 14233
(4
50 - Livestock 2,856,931 0 1,123,755 952,309 780,867 79,349 952,309
LOCATION 7110 TOTAL 19,969,862 r 3,756,285 2,380,633 13,832,944 198,244 2,380,633
•
•
920724
__ rnC cr,
-3/09/92 National Farms, Inc- - 1992 Page 41
DEPRECIATION SCHEDULE BT LOCATION
For the Fiscal Tear through 12/31/92
Book Schedule
arl Hag Farm - Feed Mill
Sec179 Prior Tr Curren: Annual Depr Through
fun Description Date Svc Method Lf Cost Bonus Accun Dep Tear Dep Net Book Cur Per 12/31/92
0368 FEED MILL BUILDING 10/31/89 M SL 20 20 1,01;\733 0 126,967 50,787 837,979 4,235 50,787
)463 FEED MILL OFFICE 03/31/99 S/L 27 44,116 0 2,898 1,656 40,162 138 1,656
05 - Buildings (1) 1,060,449 0 129,865 52,443 878,141 4,373 52,443
)294 TRUCK SCALE 08/31/89 S/L 12 31.7.W2$" 0 6,179 2,648 22,945 217 2,648
00335 TRUCK PROSE 10/25/89 M SL 5 5 9,677f 0 4,838 1,935 2,904 164 1,935
'0336 GRAIN SCALES 10/02/89 M SL 7 7 1,694✓ 0 605 242 847 22 242
3337 MOISTURE TESTER & PRINTE 10/09/89 M SL 7 7 3,678✓ 0 1,313 525 1,840 41 525
00344 WASHER & DRYER 10/11/89 N SL 7 7 562 ✓ 0 200 80 282 3 80
90376 FEE0 MILL EQUIPMENT 10/31/89 S/L 12 /9E,195'' 0 88,848 41,016 362,311 3,418 41,016
0377 HYDRAULIC PALLET TRUCK 10/31/89 H SL 5 5 556-/// 0 278 111 167 12 111
_3395 PORTABLE SCALES 11/03/89 X SL 7 7 335 YL 0 120 48 167 4 48
00460 FORKLIFT 01/11/90 M ALT 7 10 6,489 0 973 649 4,867 55 649
0698 A T & T TELEPHONE 02/07/90 M ALT 7 5 91 ` 0 27 18 46 4- 18
0506 DETECTO SCALE 03/06/90 M ALT 7 10 762 0 114 76 572 10 76
00584 FAT PUMP 05125/90 M ALT 7 10 1,65 _ i/'� 0 249 166 1,240 12 166
?0824 Fat tank *2 01/31/91 X SL 7 7 32,389' L, 0 2,313 4,627 25,449 381 4,627
7827 Fat Tank #2 05/31/91 M SL 7 7 4,091 ..-'(ni 0 292 584 3,215 45 584
u0925 Winch Harness 09/24/91 M SL 7 7 2,467 '•./' 0 176 352 1,939 33 352
i
0 - Equipment (1) (c4 44 L9. .388741.3 0 106,545 53,077 428,791 4,413 53,077
00160 IHC FEED TRUCK C&C - 198 03/17/89 M SL 5 5 `4`5,304 0 22,652 9,061 13,591 756 9,061
-0178 FEED BOX FOR TRUCK 03/17/89 M SL 5 5 k6,045 0 8,023 3,209 4,813 272 3,209
0197 AM-FM TRUCK RADIO 04/27/89 M 5L 5 5 \ j145 0 73 29 43 7 29
00330 79 GHC BRIGADIER TRUCK 10/27/89 X SL 5 5 1'2;000 0 6,000 2,400 3,600 200 2,400
90334 78 GMC BRIGADIER TRUCK 10/27/89 X 5L 5 5 12;p00 0 6,000 2,400 3,600 Z00 2,400
05 11 1991 INTERNATIONAL TRUCK 07/31/90 M ALT 5 5 <G;883 0 13,465 8,977 22,441 749 8,977
„0512 1990 LEDWELL AUGER BOX 07/31/90 M ALT 7 10 18;500 0 2,775 1,850 13,875 156 1,850
00587 FEED TRUCK - 1991 10/05/90 M ALT 5 5 44,542 0 13,362 8,908 22,272 746 8,908
0588 FEED TRUCK BOGY • 1991 10/19/90 X ALT 5 5 19,500 0 5,850 3,900 9,750 325 3,900
0643 1991 Int. Feed Truck 01/16/91 X SL 5 5 25,930 0 4,593 9,186 32,151 760 9,186
00827 1991 Leduell 22 Auger bo 01/07/91 H SL 5 5 21,250 0 2,125 4,250 14,875 356 4,250
0 - Transportation Equipment 280,099`•\.% 0 84,918 54,170 141,011 4,527 54,170
__— __... -_ ——___==
LOCATION 7120 TOTAL 1,928,961 0 321,328 159,690 1,447,943 13,313 159,690
920724
r.-,ac . uua
03/09/92 Rational Farms, Inc. - 1992 Page .42
DEPRECIATION SCHEDULE BT LOCATION
For [he Fiscal Tear through 12/31/92
Book Schedule
Matt Hog Farm - Effluent
Sec179 Prior Tr Current Annual Dcpr Through
— Null Description Date Svc Method Lf Cost 3onus Aeon Dep Tear Dep Net Book Cur Per 12/31/92
00296 SEPARATOR #1 BUILDING 08/31/89 S/L 12 16 Yl% 0 31,453 13,480 116,823 1,127 13,480
00381 SEPARATOR 92 BUILDING 10/31/89 S/L 12 144_16,1i 0 25,888 12,013 106,260 1,002 12,013
,
00414 DRILLING MONITORING WELL 09/14/89 M SL 15 15 - 7E5 ! 0 1,965 786 9,034 60 786
00428 EHT-I TANK 1.5 MILL GAL 09/30/39 S/L 12 251 482 ; / 0 47,153 20,957 183,372 1.751 20,957
00429 PIPE LINE 09/30/89 M SL 15 15 24 272: 0 37,378 14,951 171,943 1,245 14,951
00430 CONCRETE VAULT 8 FOUND 09/30/89 M SL 15 15 85,503 0 14,250 5,700 65,553 475 5,700
00432 DIRT WORK 09/30/89 M Si 15 15 1J-55L 0 5,255 2,102 24,166 177 2,102
_00457 TREES 01/20/90 N ALT15 20 1,366 0 102 68 1,196 2 68
00469 RETENTION PONDS 01/31/90 H ALT15 15 . 'A'\2o. 0 16,020 10,680 133,503 890 10,650
00470 ENT-1 FOUNDATION 01/31/90 N ALT 7 20 8-222 - 0 653 435 7,614 39 435
00523 SEPARATOR #3 BUILDING 03/31/90 M ALTIG 12 148 679/✓ 0 18,585 12,390 117,704 1,027 12,390
00535 MANITER LNG WELLS 04/09/90 M ALT15 12 51---4-84....,/ 0 1,210 807 7,664 70 807
00606 EFFLUENT HOLDING TANK 42 06/30/90 H ALT 7 12 37 767/ 0 4,721 3,147 29,899 265 3,147
00607 FW DATION E X F TANK #2 06/30/90 H ALT 7 12 TOtr,726 0 13,365 8,910 84,651 737 8,910
-00608 EHT-2 SURVEY,DIRTWRK,TE5 06/30/90 M ALT15 15 18'798 0 - 1,880 1,253 15,665 109 1,253
00659 SEPARATOR #4 BUILDING 08/31/90 M ALT10 12 46,144 j 0 18,268 12,179 115,697 1,014 12,179
00808 Monitor Well 104 02/13/91 M SL 15 15 17243 0 46 92 1,245 4 92
00847 Monitor Well 98 02/13/91 M SL 15 15 1,1/x'- 0 38 76 1,033 10 76
00848 Monitor Well 9A 02/13/91 M SL 15 15 1 3x-2 0 46 91 1,235 3 91
00870 EMS - Fresh water pc-0d 05/31/91 N SL 15 15 857268 0 2,842 5,685 76,741 471 5,685
00871 Flood Ponds 05/31/91 H 5L 15 15 40-5-}8 / 0 1,351 2.701 36,466 226 2,701
00904 LIFT STATION SEPARATOR 08/31/91 M SL 7 7 1�665i f 0 119 238 1,308 18 238
00905 SCREENING STATION 08/01/91 H SL 7 7 (12,905-� 0 922 1,844 10,139 150 1,844
00910 Concrete Work-Lift Stati 09/28/91 M SL 10 10 k7/t2 0 236 471 4,005 42 471
05 - Buildings (1) 1 t.3,u i },697,718 0 243,746 131,056 1,322,916 10,914 131,056
00207 DANUSER DIGGER AUGER 06/26/89 H SL 7 7 762' ' 0 272 109 381 10 109
00216 DUAL MANURE SPREADER 07/05/89 H SL 7 7 16,969.4" , 0 6,060 2,424 8,485 202 2,424
00256 FIAT-ALLIS FRONT END LOA 07/24/89 M SL 7 7 ✓ 0 15,065 6,026 21,088 504 6,026
00257 CASE TRACTOR 07/31/89 M SL 7 7 53,045:'. 0 18,945 7,578 26,522 626 7,578
-00261 ROTARY MOWER 07/15/89 H SL 7 7 9,1461'° 0 3,267 1,307 4,572 108 1,307
00292 CARYALL SCRAPER 08/25/89 N SL 7 7 3,639.,,, 0 1,300 520 1,819 47 520
00293 CHISEL PLQW INTERSEEDER 08/24/89 M SL 7 7 14,7481: 0 5,267 2,107 7,374 171 2,107
00313 GRASS DRILL 09/26/89 M Sl 7 7 9,684 0 3,458 1,383 4,843 118 1,383
00378 DIGITAL OXYGEN ANALYZER 10/19/89 M SL 7 7 1457. • 0 163 65 229 10 65
,
/119 , .1
00396 OXYGEN ELECTRODE SENSOR 11/02/89 N SL 7 7 /119 "vi. 0 4Z 17 60 6 17
00410 2 PRESSURE WASHERS 11/22/89 K SL 7 7 � 0 2,290 916 3,207 80 916
-00415 RADIOS 12/06/89 M SC 7 7 574 7 0 205 82 287 5 82
00458 INTL FARMALL TRACTOR 01/02/90 M ALT 7 10 4,120i". 0 618 412 3,090 38 412
00459 INTL FARMALL TRACTOR 01/02/90 M ALT 7 10 4,120{,L.‘ 0 618 412 3,090 38 412
00467 TWo 150,000 BTU HEATERS 01/01/90 M ALT 7 10 ,1742.7.-/ 0 111 74 557 8 74
00431 SKID STEER 03/19/90 M ALT 7 10 21,373 'L 0 3.206 2,137 16,030 179 2,137
00482 SLURRY PLUS SPREADER 02/09/50 N ALT 7 10 12,000 ; • 0 1,800 1,200 9,000 100 1,200
00483 FARMALL 966 0 HYDRO TRAC 03/19/90 M ALT 7 10 8,400 y.... 0 1,260 840 6,300 70 840
00521 BIG GUN 02/28/90 M ALT 7 10 11,136 ,)4......0 1,671 1,114 8,351 91 1,114
00552 KARCHER PRESSURE WASHER 04/26/90 M ALT 7 10 3,157✓ 0 474 316 2,367 30 316
00601 WEED SPRAYER 06/05/90 H ALT 7 10 1,376 pU 0 207 138 1,031 6 138
- 00602 MANURE SPREADER 06/11/90 M ALT 7 10 12,760kQ2 a 1,914 1,276 9,570 110 1,276
00630 1968 JD 4020 TRACTOR 07/02/90 M ALT 7 10 8,000041 0 1.200 800 6,000 63 8r
00631 HYDRAULIC BLADE 06/30/90 M ALT 7 10 2.709 nc; 0 406 271 7.032 18 2t
112072.-41
JU ; 00 0 . 01 rHhE . ✓J kJb
03/09/92 National Ferns, Inc. - 1992
Page 43
DEPRECIATION SCHEDULE 81 LOCATION
For the Fisca[ Teer through 12/31/92
Book Schedule
Nett Hog Farm - Effluent
5ec179 Prior Yr Current Annual Depr Through
Nun Description Date Svc Method Lf Cost Bonus Accun Dep Tear Dep Net Book Cur Per 12/31/92
00639 NEW HOLLAND SKID STEER 07/18/90 M ALT 7 10 21,11511& 0 3,168 2,112 15,835 176
00645 PRESSURE WASHER 08/21/90 M ALT 7 10 0 432 2882,112
8
2,159 24 268
MA
"-'00646 EVEASN LEVELER 68/20/90 5 ALT 7 10 ,678 F1� 0 402 268 2,008 26
00647 CUSTOM FLATBED TRAILER 08/24/90 M ALT 5 5 .Self 0 150 100 266
250 12 130
006"v6 GRAIN DRILL 10/10/90 X ALT 7 10 Qr / 0 45 30 225 3-
00802 Champion 16 Welder 02/12/91 M SC 7 7 2,6 0 72
186 372 2,043 31 373
00803 IHC 100 Hydro Tractor 01/25/91 M SL 7 7 8,7551& jO 625 1,251 6,879 107
251
00825 2 - 4 Drawer File Cabine 01/29/91 M 51 7 7 551K-r" 0 39 79 433 2 79
00861 CENRTR TRAILER - CUSTOM 04/30/91 M SL 5 5 1;438 0 194 387 1,355 35 387
00867 TRACTOR 06/19/91 M 5C 7 7 8,498 0 607 1,214 6,677 103 1,214
00878 FDR ADJUST HANDLES 11/10/91 M SL 7 7 10;3&2 0 736 1,472 8,094 119 1,472
00880 CATERPILLAR ENGINE 06/28/91 M SL 7 7 787702 ,/ 0 1,336 2,672 14,694 219 2,672
— 00891 GAS DETECTOR - PHD 11/10/91 M SL 7 7 ,32 J 0 166 332 1,824 24 332
00896 IN 806 Tractor w/Cab 09/07/91 M SL 7 7 4,864CU 0 347 695 3,822 57 695
00897 IN 14766 Tractor w/Cab 09/07/91 M SL 7 7 6,482c" 0 463 926 5,093 79 926
00898 IN 1566 Tractor w/Cab 09/07/91 M 51 7 7 6,4830717 079 926
1t / 463 926 6,910
00899 RHINO ROTARY CUTTER 10/15/91 M SL 7 7 B�J�f.7✓/ 0 628 1,256 6,910 101 1,256
00944 EMUELLS 25-30 12/15/91 M SC 7 7 War 0 509 1,019 5,604 84 1,019
01890 ROTARY SHREDDER 02/01/76 S/L 8 3,5889(3 0 3,588 0 0 0 0
--02928 LOADER W/BUCKET SCOOP 02/01/85 S/L 12 i- sa 0 753 116 519 6 116
03242 USED BOBCAT LOADER 09/30/88 M SL 7 7 �4�a;.w/ 0 2,250 643 1,607 49 643
30007 TRACTOR 410 JOHN DEERE 06/01/65 S/1. 8 6,704(4g 0 6,704 0 0 0 0
._.30021 TRACTOR #1 —_ - .._._ 06/01/62 5/1 8 A,!1➢0(5V` 0 6,000 0 0 0 a
30024 TRACTOR 415 06/01/67 S/L 8 &4831.C) 0 4,183 0 0 0 0
20 • Equipment (1) <-3,2/4 4, 900,08; 0 103,793 47,682 237,410 3,968 47,682
.----gt -,
00296 SEPARATOR #1 5YOUIPMENT 08/31/89 S/L 12 (/83,329 ' 0 16,203 6,944 60,182 575 6,944
00298 IRR1G PIVOT SYSTEMS 1-8 09/30/89 H SL 7 7 _348;147 0 121,695 48,678 170,374 4,051 48,678
-00360 WIRE & CONDUIT 09/21/89 M SL 7 7 8 4≥ // 0 2,905 1,162 4,066 95 1,162
00379 ENT-1 EQUIPMENT 10/31/89 M SL 7 7 (11,1222` 0 1,260 504 1,763 42 504
00380 PLUMBING SEPARATOR BLDG 10/31/89 M SC 7 7 6.544 0 2,433 973 3,408 82 973
00381 SEPARATOR *2 EQUIPMENT 10/31/89 S/L 12 72 079141 0 13,155 6,007 52,917 496 6,007
00386 PIVOTS 9-12 10/31/89 M SL 7 7 1C 34. 0 50,470 20,188 70,656 1,686 20,188
00425 2 PUMPS 09/30/89 M SL 7 7 36763 - 0 13,085 5,234 18,318 438 5,234
00426 PL71P 09/30/89 Mn. 7 7 41468. 0 1,488 595 2,085 45 595
00427 TESTING 3 ENGINEERING CH 09/33/89 H SL 15 15 97-903- 0 16,317 6,527 75,059 543 6,527
00431 ELECTRICAL 09/30/89 X SL 15 15 3,-627- 0 605 242 2,780 22 242
00433 AERATION DIFFUSER #1 09/30/89 5/L 12 /
82,331 ' 0 15,437 6,861 60,033 569 6,861
-00434 PUMP 09/30/89 M SC 7 7 `-944J` / 0 695 278 971 25 278
00435 CAT DIESEL ENGINE 09/30/89 M 5L 7 7 1 19^.853..: 0 7,092 2,837 9,930 241 2,837
00436 COMPRESSOR SKID 09/30/89 M 5L 7 7 _c<.'-:J 0 1,222 489 1,71D 38 489
00471 PIPE TO PIVOTS 01/31/90 M ALT 7 10 47139 0 620 413 3,097 39 413
00472 PIVOTS IRR STS #9-12 03/31/90 M ALT 7 10 44;05k 0 7,658 5,105 38,291 430 5.105
00523 SEPARATOR 03 EQUIPMENT 03/31/90 X ALT10 12 74,339 0 9,292 6,195 58,852 519 6,195
00524 IRRIGATION PIVOT STS #13 03/31/90 M ALT 7 10 677058- 0 10,056 6,704 50,276 555 6,704
-00525 IRRIGATION PIVOT STS #14 03/31/90 X ALT 7 10 '.279J6 0 6,441 4,294 32,201 356 4,294
00554 IT ENGINEERING CHARGES 04/30/90 M ALT10 12 377638 0 4,704 3,136 29,798 265 3,136
00609 BACKFL0V PREVENTOR EHT-2 06/30/90 M ALT 7 10 0 734 489 3,668 38 489
00610 PIPE ENT-2 06/30/90 M ALT 7 12 3 .5 0 4,386 2,924 27,775 240 2,924
00611 PUMP EHT-2 06/30/90 X ALT 7 10 (3,952 0 593 395 2,964 32 395
00612 ELECTRICAL ENT-2 06/30/90 M ALT15 10 18;448 0 1,569 1,046 7,845 89 1,046
920724
03/09/92 National Feria. Inc. - 1992
Page L4
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Tear through 12/31/92
Book Schedule
Natl Hog Farm - Effluent
sr_179 Prior Tr Current Annual Depr Through
NuR Description Date Svc Method Lf Cost Berms Accu,, Dep Year Dep Net Book Cur Per 12/31/92
00613 PUMP STATION EHT - 2 06/30/90 M ALT15 10 15;629 0 2,344 1,563 11,722 133
00614 PUMP HOUSE EHT-2 06/30/90 M ALT15 10 18$59— 0 2,814 1,876 14,065 160 1,876
1,876
00615 EHT • 2 AERATION 06/30/90 M ALT 7 12 70 0 11,337 7,558 71,507 628 7,558
00616 BLOWER AT EHT-2 06/30/90 N ALT 7 10 49 112 0 7,367 4,911 36,834 412 4,911
00617 CAT ENGINE EHT-2 06/30/90 K ALT 7 10 <`LC1,459 0 3.369 2,246 16,844 189 2,246
—00618 PIVOT IRRIG SYSTEM #15 06/30/90 N ALT 7 10 44;747 0 6,712 4,475 33,560 372 4,475
00619 PIVOT IRRIG SYSTEM 416 06/30/90 M ALT 7 10 617429 0 9,169 6,113 45,847 514 6,113
00620 PIVOT IRRIG SYSTEM 917 06/30/90 N ALT 7 10 427280 0 6,342 4,228 31,710 356 4,228
00621 PIVOT IRRIG SYSTEM #18 06/30/90 N ALT 7 10 5ry921 ' 0 8,238 5,492 41,191 454 5,492
00659 SEPARATOR #4 EQUIPMENT 08/31/90 N ALTtO 12 73,071 0 9,134 6,089 57,848 512 6,089
00671 PIVOT 022 09/30/90 N ALT 7 10 64!660, 0 9,699 6,466 48,495 537 6,466
00672 PIVOT #21 09/30/90 M ALT 7 10 54-449 0 7,675 5,117 38,377 431 5,117
-00673 PIVOT 120 09/30/90 M ALT 7 10 95•,256 0 8,289 5,526 41,441 455 5,526
00674 PIVOT #19 09/30/90 M ALT 7 10 9i--850 0 10,081 6,721 50,405 561 6,721
00865 16 Lysimeters 05/29/91 M SL 7 7 8,035 0 574 1,148 6,313 92 1,148
_00906 IRRIG SYSTEM#23 08/31/91 N SL 7 7 0 6,561 13,721 72,168 1,098 13,121
00907 IRRIG SYSTEM 824 08/31/91 H SL 7 7 91,688 0 6,549 13,098 72,041 1,086 13,098
00908 IRRIG SYSTEM #25 08/31/91 H SL 7 7 91,395 0 6,557 13,114 72,124 1,091 13,114
00909 IRRIG SYSTEM #26 08/31/91 M SL 7 7 72,588 0 5,685 11,370 62,533 942 11,370
00928 IRRIG PIVOT 427 11/30/91 M 5L 7 7 144'025. O 7,930 15,861 87,234 1,319 15,861
00929 IRRIG PIVOT #28 11/30/91 M SL 7 7 1%,227 0 10,735 21,471 118,091 1,792 21,471
00430 IRRIG PIVOT #29 11/30/91 M 5L 7 7 1287747 0 8,582 17,164 94,401 1,434 17,164
_.00947 BOOSTER PUMP a 18 12/15/91 N SL 7 7 (46,25787 , 0 3,304 6,608 36,347 547 6,608
00948 BOOSTER PUMP 3 7 12/15/91 H SL 7 7 "2s\// 0 1,677 3,354 ;8,444 274 3,354
28 - Irrigation Equipment 2,-2F'',"" 0 470,839 322,910 1,968,861 26,900 322,910
00387 86 CHEV PICKUP 10/30/89 M SL 5 5 !
600. 0 4,800 1,920 2,880 160 1,920
00398 REFRIGERATED SEMI-TRAILE 11/13/89 M SL 5 5 a 5000. 0 3,250 1,300 1,950 112 1,300
-00399 1981 DODGE PICKUP 11/08/89 M SL 5 5 11950 0 975 390 585 Z7 390
00537 1978 CHEV 1/2 TON PICKUP 04/20/90 H ALT 5 5 1800 0 540 360 900 30 360
00699 1976 CHEVY PICKUP 11/30/90 N ALT 5 5 2,500 0 750 500 1,250 38 500
_00862 1984 CHEVY PICKUP 04/05/91 M 5L 5 5 2, 0 0 280 560 1,960 43 560
00894 1991 CHEV PICKUP 07/03/91 M SL 5 5 1 , 22 0 1,612 3,224 11,286 265 3,224
30 • Transportation Equipment 41,272 0 12,207 8,254 20,811 675 8,254
LOCATION 7130 TOTAL - 4,890,485 0 830,585 509,902 3,549,908 42,457 505,902
920724
03/09/92 National Ferns, Inc. - 1992
Page 45
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Tear through 12/31/92
Book Schedule
ati Hog farm - shop
Sec179 Prior Tr Current Annual Depr Through
—Nun Description Date Svc Method Lf Cost Bonus Accum Pep Year Dep Net Book Cur Per 12/31/92
00327 TRUCX MAINTENANCE ELEC 10/31/89 M SL 20 20 14,734 0 1,842 737 12,155 66 737
0369 TRUCK MAIN" BUILDING 10/31/89 H SL 20 20 1t6�964 0 22,120 8,848 145,996 741 8,848
0370 DISINFECTANT STA BLDG &E 10/31/89 M SL 20 20 446 853 0 5,857 2,343 38,653 198
00438 ELEC TR DISINFECT STAIN 12/04/89 M SL 20 20 A 535 0 692 277 4.566 24 2,343
26'0497 SHOP HEATING & COOLING 02/28/90 M ALT10 12 c1 012 0
252 163 1,592 14 168
0518 DIRT WORK AT SHOP 03/31/90 M ALT15 15 4„`04 0 420 280 3,504 27 280
00519 SHOP OFFICE, SHOWER & PR 03/31/90 M ALT20 15 3&,350 0 3,835 2,557 31,958 214 2,557
h - Buildings (1) 28$;852 r-L 0 35,018 15,210 238,424 1,284 15,210
00308 WELDER 09/05/89 M SL 7 7 2,899 0 1,035 414 1,450 29 414
10339 AIR COMPRESSOR 10/06/89 M SL 7 7 2,962 0 1,058 423 1,481 38 423
10382 TRUCK MAINT EQUIP 10/31/89 M SL 7 7 50,861 0 18,165 7,266 25,430 600 7,266
00383 TRUCK DISINFECTANT EQUIP 10/31/89 M SL 7 7 13,767 0 4,917 1,967 6,883 163 1,967
-10384 REFRIGERATOR 10/11/89 H SL 7 7 524 0 187 75 262 9 75
0385 WASHER, DRYER 10/11/89 M SL 7 7 Sa 812 0 • 290 116 406 6 116
00391 ASSORTED SHOP EQUIPMENT 10/26/89 M SL 7 74 5,018 0 1,792 717 2,509 57 717
00392 TOOL CHEST 10/20/89 M SL 7 7 J 464 0 165 66 233 0 66
10406 PRESSURE WASHER 11/22/89 H SL 7 7 14,176 0 1,492 597 2,087 47 597
10411 SHOP START-UP SUPPLIES 11/15/89 M SL 7 7 \1,455 0 520 208 727 21 208
00416 SAU 12/05/89 M SL 7 7 ,-530 0 190 76 264 10 76
-'10468 PRESSURE WASHER 01/29/90 M ALT 7 10 2,806-' 0 421 281 2,104 28 281
10499 A T & T TELEPHONE 8 ALER 02/07/90 H ALT 7 10 368 S8/0 55 37 276 4 37
i.
00507 WASHER & DRYER 03/01/90 M ALT 7 5 57S'-" 0 173 115 287 5 115
00522 GAS STATION 03/31/90 M ALT 7 10 5,906-7 0 886 591 4,429 52 591
70539 WASTE OIL TANK 03/31/90 M ALT 7 10 4,032 -- 0 605 403 3,024 29 403
J0553 AIR COMPRESSOR 04/16/90 M ALT 7 10 669 ' 0 100 67 502 1 67
00567 DRILL PRESS 05/03/90 M ALT 7 10 366 '' 0 55 37 274 4 37
10568 DELUXE JOURNEYMAN TORCH 04/27/90 M ALT 7 10 436 ' 0 66 44 326 0 44
10585 LURE SYSTEM 05/04/90 M ALT 7 10 2,769' 415 277 2,077 24 277
00603 OKIDATA PRINTER 06/12/90 M ALT 5 5 p_ 283f 0 85 57 141 2 57
10604 PRESSURE WASHER 06/09/90 H ALT 7 10 ' 1,185;' 0 178 119 888 9 119
10605 HYDRALIC HOSE MACHINE 06/15/90 M ALT 7 10 979 / 0 147 98 734 10 98
00826 Stover jack 01/03/91 M SL 7 7 1,751 0 125 250 1,376 19 250
00850 Electric Fan 02/13/91 M SI. 7 7 1,450-r 0 104 207 1,139 20 207
)0893 VIRE WELDER 10/15/91 M SL 7 7 1,888 0 135 270 1,483 17 270
20 - Equipment (1) 108,93 0 33,361 14,778 60,792 1,204 14,778
�ST I°1
30417 CHEV C30 FLAT BED PICKUP 12/14/89 M 5L 7 7 900 0 2,107 843 2,550 73 843
00450 1977 INTL WATER TRUCE 01/04/90 M ALT 5 5 16/480 0 4 944
F.. 3,296 8,240 271 3,296
50 - Transportation Equipment 22,380 0 7,051 4,139 11,190 344 4,139
LOCATION 7140 TOTAL 419,963 0 75,430 34,127 310,406 2,832 34,127
920724
rnaC . c. . c
_03/09/92 National. Farms, Inc- - 1992 Page 45
DEPRECIATION SCHEDULE BT LOCATION
For the Fiscal Year through 12/31/92 _
Book Schedule
gait Hog Farm - Ranch
Sec179 Prior Tr Current Annual Depr Through
— Nun Description Date Svc Method Lf Cost Bonus Ace.= Dep Tear Dep Net Book Cur Per 12/31/92
_.00010 LAND - 70 A BIG FOOT RAN 06/15/88 None 50 2,413(039 0 0 0 2,413,039 0 0
)0222 LAND - PETERSON-24O0A 06/21/89 Mono 50 2[x{1850 0 0 0 204,850 0 0
00692 ROAD 69 PAYMENT 10/03/90 None 50 138,9
98 0 0 0 130,998 0 0
)1 - Land (1) .3.-J--44;88r 0 0 0 2,748,887 0 0
00101 MAIN RESIDENCE 06/15/88 MREALAR 40 46,083 0 5,133 1,152 39,798 96 1,152
--00102 HOUSE 06/15/88 MREALAR 40 25,461 0 2,838 637 21,986 54 637
)0103 HOUSE 06/15/88 MREALAR 40 27,069 0 3,016 677 23,376 61 677
00104 TENANT HOUSE 06/15/88 MREALAR 40 25,371 0 2,826 634 21,911 51 634
_00105 BARNS 06/15/88 M SL 20 20 203,773 0 38,208 10,189 155,376 850 . 10,189
70107 TANKS & WELLS 06/15/88 M SL 7 7 132,642 0 75,815 18„949 37,878 1,580 18,949
30108 DITCHES & HEAD GATES 06/15/88 M 5L 15 15 110,316 • 0 27,578 7,354 75,384 611 7,354
00109 LEVEES 06/15/88 M SL 15 15 218,875 0 54,720 14,592 149,563 1,216 14,592
-30110 CORRALS 06/15/88 M SL 7 7 82,324 0 47,055 11,761 23,508 981 11,761
30111 BRIDGE 06/15/88 M SL 15 15 19,580 0 4,894 1,305 13,381 106 1,305
00119 2ND HAIN RESIDENCE 06/15/88 MREALAR 40 38,302 0 4,268 958 33,076 78 958
_00120 HOUSE 06/15/88 MREALAR 40 20,800 0 2,317 520 17,963 47 520
30121 MUSE 06/15/88 MREALAR 40 24,600 0 2,740 615 21,245 54 615
00122 MOUSE 06/15/88 MREALAR 40 24,800 0 2,763 620 21,417 48 620
00125 SILOS - TWO 06/15/88 N SL 7 .7 67,045 0 38,321 9,578 19,146 800 9,578
30143 BARRED WIRE FENCE 06/15/83 H SL 7 7 36,000 0 20,577 5,143 10,280 424 5,143
30144 4 BEDROOM HOUSE 06/15/88 MREALAR 40 59,120 0 6,586 1,478 51,056 125 1,478
00145 GARAGE & SHOP 06/15/88 MREALAR 40 2,948 0 329 74 2,545 8 74
-')0148 MACHINE SHED 06/15/88 M SL 20 20 2,000 0 586 100 1,314 1Z .. 100
0150 3 BEDROOM HOUSE 06/15/88 MREALAR 40 26,500 0 2,954 663 22,883 58 663
00151 GARAGE & STORAGE 06/15/:8 MREALAR 40 2,150 0 240 54 1,856 1- 54
00152 2 CAR GARAGE 06/15/88 MREALAR 40 2,691 0 299 67 2,325 1 67
10153 EARN & SHOP BUILDING 06/15/88 M SC 20 20 6,670 0 1,956 334 4,380 26 334
)0155 2 BEORDO4 HOUSE-GUN CLUE 06/15/88 MREALAR 40 6,910 0 771 173 5,966 19 173
00194 CEDAR FENCE - HOUSE 2A 05/24/89 M SL 15 15 1,529 0 255 102 1,172 3 102
-)0223 MAIN HOUSE-PETERSON LAND 06/21/89 MREALAR 40 30,100 0 1,914 753 27,433 60 753
)0224 FENCING - PETERSON LAND 06/21/89 M SL 15 15 56,700 0 9,450 3,780 43,470 315 3,780
00225 GRAIN STORAGE SHED 06/21/89 MREALAN 40 250 0 15 6 229 5- 6
-00226 BARN - PETERSON LAND 06/21/89 M SL 20 20 16,000 0 2,000 800 13,200 63 800
10227 MOBILE NOME - PETTERSON 06/21/89 MREALAR 40 18,000 0 1,144 450 16,406 32 450
00228 SHOP - PETERSON LAND 06/21/89 MREALAN 40 10,000 0 635 250 9,115 19 250
00229 POULTRY HOUSE - PETERSON 06/21/89 M 5L 20 20 1,000 0 125 50 825 6 50
30230 LOcoEN CORRALS-PETERSON 06/21/89 M SL 15 15 3,000 0 500 200 2,300 13 200
10236 CEDAR FENCING 06/12/89 M 5L 15 15 . 3,768 0 628 251 2,889 20 251
00714 4 1 5 BARBER WIRE FENCE 11/30/90 M ALT 7 10 52.694 0 7,90. 5,269 39,521 440 5,269
15 - Buildings (1) - 174057-0714-. 0 371,360 99,538 934,173 8,271 99,538
00106 FENCES 06/15/88 N SC 7 7 128,429 0 73,406 18,347 36,676 1,528 18,347
30113 19 WINDMILLS 06/15/88 M SL 7 7 9,755 0 5,576 . 1,394 2,785 118 1,394
30126 FEED HUNKS 06/15/88 M SL 7 7 13,730 0 7,846 1,961 3,923 168 1,561
00127 CATTLE CHUTES 06/15/88 M SL 7 7 660 0 376 94 190 6 94
—10129 ELECTRIC WATERERS 06/15/88 N SL 7 7 4,403 0 2,517 629 1,257 57 629
0130 FERTILIZER SPREADER 06/15/88 M SL 7 7 600 0 344 86 170 449))0724
nenfenflame21 rrDe Dro.vrT n474C/AO u <r 7 7 1L L 7 e. n CYC + 727 t Ter
i ,.-- . ... . .-
03/,09/92 National Farms, Inc. - 1992 Page 47
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Tear through 12/31/92
Book Schedule
(l Hog Farm - Ranch
5ec179 Prior Tr Current Annual Depr Through
_Nun Description Date Svc Method Lf Cost Bonus Accun Dep Tear Dep Net Book Cur Per 12/31/92
w146 GRAINER,' - CINDER BLOCK 06/15/88 M SL 7 7 642 0 368 92 182 4 92
00147 FUEL SHORTAGE TANK N/PUM 06/15/88 N EL 7 7 2,000 0 1,144 286 570 22 286
149 CORRALS, BUNKS, WATERERS 06/15/88 M SL 7 7 3,240 0 1,852 463 925 34 463
154 CORRALS, BUNKS, WATERERS 06/15/88 M EL 7 7 3,634 0 2,077 519 1,038 46 519
00156 STORAGE UNITS - 2 BOX CA 06/15/88 M SL 7 7 2,500 0 1,429 357 714 27 357
—157 TWO WATER STS - SO FARM 06/15/88 H SL 7 7 6,000 0 3,429 857 1,714 76 857
232 CATTLE LOADING CHUTES 06/21/89 M EL 7 7 1,300 0 465 186 649 10 186
00713 ROAD SWEEPER MAGNET 11/05/90 M ALT 7 10 5,680 0 852 568 4,260 51 568
00715 CATTLE TANKS & WATER LIN 11/30/90 M ALT 7 10 61,301 0 9,195 6,130 45,976 509 6,130
716 STOCK WATERING SYSTEM 06/21/89 N SL 7 7 63,500 0 22,678 9,071 31,751 755 9,071
__745 REPL TANK&FRESH WATER LI 12/15/91 M SL 7 7 41,542 0 2,967 5,935 32,640 490 5,935
00946 FENCING FOR RANCH 12/15/91 M EL 10 10 29,215ee 0 1,461 2,922 24,832 238 2,922
- Equipment (1) 79+.,ot4 Y' 0 147,517 52,280 195,017 4,342 52,280
D°112 IRRIGATION SYSTEM 06/15/88 M SL 15 15 106,709 0 36,601 7,114 62,994 591 7,114
115 IRRIGATION SPRINKLER 06/15/88 N SL 7 7 25,597 0 14,631 3,657 7,309 302 3,657
vv116 IRRIGATION PUMPS 06/15/88 M SL 7 7 24,624 0 14,075 3,518 7,031 295 3,518
00117 IRRIGATION SPRINKLER 06/15/88 M SL 7 7 39,096 0 22,346 5,585 11,165 470 5,585
118 IRRIGATION SPRINKLER 06/15/88 M EL 7 7 16,800 0 9,602 2,400 4,798 200 2,400
,123 IRRIGATION SPRINKLER 06/15/88 N EL 7 7 17,500 0 10,003 2.500 4,997 212 2,500
00124 IRRIGATION SPRINKLER 06/15/88 M EL 7 7 30,000 0 17,148 4,286 8,566 359 4,286
-'132 UNDERGROUND IRRIGATION 06/15/88 M SL 15 15 184,877 0 65,412 12,325 109,140 1,028 12,325
134 IRRIGATION SPRINKLER 06/15/88 N SL 7 7 12,000 0 6,858 1,714 3,428 141 1,714
00135 IRRIGATION SPRINKLER 06/15/88 H SL 7 7 8,500 0 4,858 1,214 2,428 103 1,214
00137 IRRIGATION SPRINKLER 06/15/88 M SL 7 7 2,000 0 1,144 286 570 22 286
138 IRRIGATION WELL & PUMP 06/15/88 N SL 15 15 3,500 0 1,200 233 2,067 24 '233
,J139 IRRIGATION WELL & PUMP 06/15/88 M SL 15 15 7,000 0 2,402 467 4,131 38 467
00140 IRRIGATION WELL S PUMP 06/15/88 N SL 15 15 7,000 0 2,402 467 4,131 38 467
141 IRRIGATION WELL 8 PUMP 06/15/88 M SL 15 15 7,500 0 2,573 500 4,427 38 500
142 IRRIGATION WELL & PUMP 06/15/88 M SL 15 15 15,000 . 0 5,145 1,000 8,855 87 1,000
00233 WELL HOUSE N2 06/21/89 M SL 15 15 300 0 50 20 230 2- 20
66234 IRRIG SPRINKLER SYSTEM 06/21/89 M SL 7 7 8,500 0 3,035 1,214 4,251 103 1,214
1235 WELL HOUSE #1 06/21/89 M SL 15 15 800 0 133 53 614 9 53
28 - Irrigation Equipment 915037�"�1 - 0 217,618 48,553 251,132 4,058 48,553
LOCATION 7160 TOTAL 5,066,075 0 736,495 200,371 4,129,209 16,671 200,371
920724
-°3/09/92 National Farms, Inc. - 1992 Page 48
DEPRECIATION SCHEDULE BT LOCATION
For the Fiscal Year through 12/31/92
Book Schedule
atl Hog Farm - Adain
5ec179 Prior Tr Current Annual Depr Through
Num Description Date Svc Method If Cast Bonus AccuA Dep Year Dep Net Book Cur Per 12/31/92
-00285 OFFICE BUILDING 08/31/89 MREALAN 40 138,509 0 8,225 3,463 126,821 284 3,463
0286 GRADING & DIRT WORK 08/31/89 M SL 15 15 7,790 0 1,298 519 5,973 46 519
00237 PHONE SYSTEM LINES 08/31/89 MREALAN 40 33,319 0 1,978 833 30,508 74 833
00338 GARAGE - O'MARA NOOSE 09/27/80 MREALAR 40 8,956 0 513 224 8,219 15 224
4349 WINDOWS, 000R & INSUL 09/27/89 MREALAR 40 2,668 0 153 67 2,448 1 67
0350 GUARD SHACK 09/30/89 MREALAN 40 7,223 0 415 181 6,627 16 181
00404 INSUL & SIDING 23055 WCR 01/12/90 5/L 27 8,626 0 638 319 7,669 22 319
-10464 GARAGE - 24583 WCR 69 01/24/90 S/L 27 1,360 0 96 50 1,214 6 50
10465 SEPTIC TANK 23012 WCR 69 03/31/90 M ALT15 10 2,497 0 375 250 1,872 19 250
00575 PLANTER OUTSIDE OFFICE 05/31/90 M ALT 7 10 1,916 0 288 192 1,436 16 192
-)5 - Buildings (1) 212;8641/'1/. 0 13,979 6,098 192,737 499 6,098
00164 PRINTING CALCULATOR 02/08/89 M SL 5 5 i83� /" 0 92 37 54 4 37
-)0165 LEGAL FILE CABINET - GRA 02/08/89 M 51 7 7 222 - 0 80 32 110 1- 32
)0166 TVO SECT CHAIRS - BURG 02/08/89 M SL 7 7 222/ 0 80 32 110 1- 32
00167 TWO SIDE CHAIRS - BUR 02/08/89 M SL 7 7 270/ 0, 97 39 134 6 39
--00173 IBM COMPUTER & MONITOR 05/01/89 N SL 5 5 5,142.:;)(4 2,570 1,028 1,544 82 1,028
)0174 H-P PRINTER FOR COMPUTER 05/01/89 M 5L 5 5 1,356/ 0 678 271 407 18 271
00175 COMPUTER PROG - HI PLAIN 02/08/89 M SL 5 5 2-GGef-sc."4V 1,000 400 600 37 400
00177 5WINTER ELEC TYPEWRITER 02/23/89 H SL 5 5 565(-•11- 283 113 169 14 113
)0185 REFRIG-FREEZER - OFFICE 05/25/89 M SL 7 7 5457 0/ 195 78 272 1 78
)0186 SHARP CACUTATOR5 - TWO 05/30/89 M SL 5 5 366'==,,<.✓0 183 73 110 7 73
00187 TWO SECT CHAIRS - HON 05/25/89 M SL 7 7 229 0 82 33 114 0 33
�
-;o188 3 BURNER COFFEE MAKER 05/18/89 M SL 7 7 253 0 90 36 127 3 36
)0189 WINDOW AIR CONDITIONER 05/24/89 M SL 7 7 447/ 0 160 64 223 9 64
00190 PC SOFTWARE - SPREADSHEE 05/10/89 N SL 5 5 3, -.2.%8.-`1.-a- 185 74 111 8 74
-00191 WASHER & DRIER 05/23/89 N SL 7 7 582 0 208 83 291 6 83
30196 TWO MOBILE PHONE - RADIO 05/05/89 M SL 7 7 ,3421,-4./0 2,265 906 3,171 70 906
00198 HON FOLDING TABLE 04/15/89 M SL 7 7 82✓ 0 30 12 40 1 12
00199 TWO NON FILE CABINETS 04/15/89 K 5L 7 7 448 0 160 64 224 9 64
00202 DINETTE SET 4/CHAIRS 04/06/89 M SL 7 7 762" 0 272 109 381 10 109
00204 AIR COND & FURNACE 05/31/89 M SL 7 7 2,715 Z 0 970 388 1,357 36 388
00209 FIREPROOF FILE CAB-4 DRW 06/15/89 M 5L 7 7 515 0 185 74 256 8 74
-00210 UNISYS COMPUTER 06/19/89 N 5L 5 5 2,18i -- 0 1,090 436 655 40 436
00211 GOLDSTAR MONITOR 06/19/89 M SL 5 5 691/ 0 345 138 208 6 138
00212 SEAGATE 40MEG HARD DISK 06/19/89 N SL 5 5 649- 0 325 130 174 9 130
00213 INTEL ABOVE BOARD 06/19/89 M SL 5 5 775`-4 0 388 155 232 12 155
00214 DKIDATA 132 COL PRINTER 06/19/89 M SL 5 5 691 /j/ 0 345 138 208 6 138
00215 MICROSOFT BUS MOUSE 06/19/89 M SL 5 5 ' 191 r::.1" 0 95 38 58 5 38
00238 FOUR OFFICE DESKS W/RTRN 06/28/89 N SL 7 7 2,443' 0 872 349 1,222 30 349
-00241 EIGHT SECT CHAIRS 07/06/89 H SL 7 7 987 0 352 141 494 9 141
00242 FOUR SIDE CHAIRS 07/06/89 H SL 7 7 475.," 0 170 68 237 2 68
00243 TWO EXEC CHAIRS 07/06/89 M SL 7 7 319/ 0 115 46 158 2 46
_00248 WORD PERFECT/UNISYS NET 07/13/89 N SL 5 5 7r>L"+"'0 388 155 232 12 155
00249 TUO SIDE CHAIRS 07/15/89 N 5L 7 7 613,- 0 220 88 305 11 88
00250 EXECUTIVE CHAIR 07/15/89 M SL 7 7 445-" 0 160 64 221 9 6'
00251 PRNTR STAND, COYER 8 TBL 07/15/89 N SL 7 7 413/ 0 147 59 207 4 59
00252 COMPUTER STATIONS - TARE 07/31/89 N SL 5 5 9,195 (ri24'0 4,598 1,839 2.758 156 1.839
1,540(z 4.O 770 308 462 22 308
00253 COMPUTER OPER SYSTEM-ELI 07/31/89 M SC 5 5 - - - k p Lc
22/119/92
Rational Farris, Inc. - 1992 Page 50
DEPRECIATION SCHEDULE BT LOCATION
For the Fiscal Year through 12/31/92 .
Book Schedule
:tl Hog Farm - Admin
5ec179 Prior Yr Current Annual Dept Through
ua Description Date Svc Method Lf Cost Bonus Accum Dep Year Dep Het Book Cur Per 12/31/92
00420 WEATHER STATION 11/30/89 M SL 5 5 -49014'10a' 480 192 287 16 192
'�
.00421 RCA TV 12/07/89 M SL 7 7 379 0/ 135 54 190 1- 54
1422 RCA VCR 12/07/89 M SL 7 7 530 U- 0 190 76 264 10 76
4423 2 DRAWER LATERAL FILE 12/13/89 N SL 7 7 354 0 128 51 180 7 51
00453 FILE CABINET 01/12/90 M ALT 7 10 Z62 /c 0 39 26 197 4 26
3476 THREE PORTABLE RADIOS 01/01/90 M ALT 7 5 _3,095 cJ� 929 619 1,547 47 619
7477 EZ LOGGER 01/24/90 M ALT 5 5 ✓88 U LP 0 87 58 143 3 58
00479 RECA VHS CAMCORDER & ACC 02/01/90 M ALT 5 5 vi,689 iitjkbo 507 338 844 30 338
-1480 OKIDATA MICROLINE PRINTE 01/01/90 M ALT 5 5 ✓618 ire-15 186 124 308 14 124
1501 UNISYS COMPUTER WORKSTAT 02/23/90 M ALT 5 5 1,956 ut.1 0 587 391 978 28 391
00502 SHARP CALCULATOR 02/21/90 K ALT 5 5 ✓200 Efl'0 60 40 100 7 40
s0503 A T & T TELEPHONE 02/15/90 N ALT 5 5 91,--"---#. 0 27 18 46 4- 18
3504 SHARP CALCULATOR 03/02/90 M ALT 5 5 ✓Z00 fitt - 0 60 40 100 7 40
_0536 LETTER SIZE FILE CABINET 04/02/90 M ALT 7 10 231' 0 35 23 173 1 23
00558 LEGAL SIZE FILE CABINET 04/25/90 M ALT 7 10 262✓ 0 39 26 197 4 26
0559 PORTABLE RADIOS - 8 03/29/90 M SL 5 5 4,303 &n41-4 1,291 861 2,151 69 861
0569 COMPUTER DESK 05/11/90 N ALT 7 10 153 f 0 23 15 115 4 15
00570 COMPUTER PRINTER STAND 05/08/90 N ALT 7 10 118 9 18 12 88 1 12
_00571 16 CHANNEL RADIO 04/13/90 N ALT 5 5 9141i-49110 274 183 457 18 183
0536 330MB SEAGATE/IMPRIMIS H 05/23/90 M ALT 5 5 /2,408 t;x1.-0 723 482 1,203 42 482
u0627 2 SIDE CHAIRS 06/04/90 N ALT 7 10 247/ 0 37 25 165 3 25
00628 EXTERNAL MCOEM 06/12/90 N ALT 5 5 1409 (;'ui2-0 123 82 204 5 8Z
0632 LATERAL FILE CABINET 07/16/90 H ALT 7 10 539✓ 0 81 54 404 1- 54
0640 DESK, CHAIR,& LATERAL Fl 07/19(90 MALT 7 10 473 d 0 71 47 355 3 47
00642 11 PORTABLE RADIOS 06/22/90 HL'
ALT 7 10 5,976 � '->"0-- 897 598 4,481 48 598
-0660 RANGE 08/21/90 M ALT 7 10 899- 0 135 90 674 2 90
0661 2 16 CHANNEL MOBILE RADI 08/03/90 N ALT 7 10 1,828i.::fr-Th 274 183 1,371 18 ' 183
00676 4 DRAWER FILE CABINET 09/30/90 M ALT 7 10 262/, 0 39 Z6 197 4 26
-00677 DESK 09/25/90 M ALT 7 10 510✓ 0 77 51 332 7 51
0678 COMPUTER WORK STATION 09/07/90 H ALT 7 10 .!1,906 /•" 0 286 191 1,429 15 191
J0697 MERLIN TELEPHONE 10/11/90 M ALT 7 10 383/ 1 57 38 288 5 38
00717 16 CHANNEL RADIO 10/18/90 M ALT 7 10 914 it
00717 137 91 686 3 91
10809 Wilson Janes 2000 Shredd 02/08/91 N SL 5 5 0Q,700L.142-10 170 340 1,190 32
340
H7828 4 Portable 2 than. radio 01/01/91 M SL 7 7 st1,89ti;4, 0 135 Z70 1,486
17 270
00838 HP 7550A 8 pen plotter 02/04/91 N SL 5 5 .)c2,955 .;.;!' 0 296 . 591 2.068 52 591
-90439 HP Las¢njeL Ill 0 prints 02/04/91 N SL 5 5
2,747 " 0 275 549 1,923 43 549
190
70640 2 NW-Wyse 60 Terminals 02/04/91 N SL 5 5 '<950 00 i:-.7`y 0 95 190 665 14 140
, 0 70 140 490 8
00841 Tripplite 1200 Watt Batt 02/04/91 M SL 5 5 6 50
�
00642 Everex Evercom 2400 Sod 02/04/91 M SL 5 5 50`,,'x'• 0 25 50 175
0 79 156 867 15 158
30843 Calculator, File Cabinet 02/18/91 M SL 7 7 o 104 .
30844 Anderson Desk & chair 02/08/91 H SL 7 7, ✓615 0 44 88 483 11 88
050 k.;' � 0 105 210 735 12 210
00845 Okidaca ml 33 Plus urine 02/12/91 M St 5 5 �. 287
- 30646 CCHPUTER WORKSTATION 04/10/91 N St 5 5 ',434 u.(2-r0 143 287 1,004 23 87
� 40 220 7
30851 48° Computer Table 03/20/91 M SL 7 7 �i/Y80 0 20 719
00563 10 PORTABLE RADIOS 03/13/91 M EL 7 7 v�1,034(..)-i:-.10 360 719 3,955 59
81 !.'.(t 0 48 96 337 8 96
_0086: PIGTAIL TMNL S KEYBOARD 04/08/91 M St $ 5 150
x/7501?"" 0 n 150 525 7
00266 Master Feeder Ung rode 05/17/91 M SL 5 5 v� t 17 35 192 2 35
00834 FILE CABINET 06/21/91 K EL 7 7 /244 0
00912 Sharp Calculator aS-2770 09/20/91 M St 5 5 )'200 (e‘it`--0
20 40 140 7 40
00919 XEROX COPIER 11/04/91 M SL 5 5 )g0,642 Ly,1M 1,064 2.128 7,450 181 2,128
105 210 734 12 210
00920 XEROX FAX MACHINE 11/04/91 N SL 5 5 71.049/-.ity 7 602 18 172
Lfi<n,_.1U' % 772
___.._ 9
113/49/92 National Farms, Inc. - 1992 Page 5'1
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Tear through 12/31/92 •
Book Schedule
fall Hog Farm - Admin
Sec179 Prior Tr Current Annual Depr Through
Nun Description Date Svc Method Lf Cost Bonus Accum Dep Year Pep Net Book Cur Per 12/31/92
03085 2 OFICE DESKS 05/15/89 N SL 7 7 1577 0 205 82 290 5 82
>3 • Office equipment 1tb"3C1 1817669 0 57,651 30,123 93,895 2,491 30,123
00114 JEEP WAGONEER TRUCK-1988 08/31/88 M SL 5 5 22,243/ 0 20,465 1,778 0 150 1,778
)0161 1989 TOYOTA LANOCRUISER 12/27/88 M SL 5 5 '1
,1,34 0 15,472 3,868 0 326 3,868
)0163 1989 CHEY PICKUP 4X4 03/28/89 N 5L 5 5 11 292 0 7,145 2,858 4,289 240 2,858
00557 PICKUP TOPPER 04/23/90 M ALT 5 5 70 0 171 114 285 4 114
-10635 1990 WIC PICKUP 07/28/90 M ALT 5 5 12,0T6 0 3,743 2,495 6,238 207 2,495
)0636 1990 GMC PICKUP 07/28/90 M ALT 5 5 121476 0 3,743 2,495 6,238 207 2,495
00664. 1990 CMC PICKUP 10/05/90 M ALT 5 5 1 1801 0 3,654 2,436 6,090 203 2,436
00895 1983 OcOGE PICKUP 06/15/91 M SL 5 5 ,612 0 361 722 2,529 62 722
30 - Transportation Equipment 97,189 0 54,754 16,766 25,669 1,399 16,766
LOCATION 7190 TOTAL 491,722 0 126,384 52,987 312,351 4,389 52,987
920724
_ EXHIBIT t"Htt or.1i=_
`- 9 L 1th STREET
' Gr2E'cLt'.COLORADO 8061 1
,y OT ICE CF DENIAL ?SONS (30S)3≤5-e000. EST-a2≤6
ii al
I, gts.
7SO4 ALL • 23 5 0S ESC UPPR RS 305 g
7i"..ORADO
25000 < <69 : CR - <WELD
OWNER NATIONAL HOG FARMS INC
NATIONAL HOG FARMS INC PARCEL 096523000002
PIN P 0016708
ss BILL O HARE
-- 2506: W C RD 69 YEAR. 1992
•
KERSEY CO 80644 LOG 00047
07/07/1992
T, appraised voice of property is based on the aoprepriete consideration of the approaches to value recuired by law.The Assessor has determined
mat you: property should be included in the following catecory(ies1:
—LL OTHER PROPERTY ) INCLUDING VACANT LAND, IS VALUED BY CONSIDER ING THE COST ,
„F.KETs AND INCOME APPROACHES.
If your concern is the amount of your property tax, local taxing authorities (county, city, fire protection, and other special districts) hold
t: lie:hearings in the fall. Please refer to your tax bill or ask your Assessor for a listing of these districts,and plan to attend these budget hearings.
T , Asse:sur Has carefu;;y stueied si available information, giving ;par:icuizr attention to the specifics :nciuded on your protest and has deter-
.mined the valuation(si assigned to your progeny. The reasons for this determination of value era:
YOUR PERSONAL PROPERTY HAS BEEN ALLURED SUFFICIENT DEPRECIATION IN
ACCORDANCE tlITH The SASE YEAR CONCEPT AND RECOMMENDED, PROCEDURES SET
FORTH IN ASS ESSftfiT ;;ANUALS Ah 2,c5s AH 525 AtiL c�L VCL . 2 PUJLI SHED
3Y THE STATE`DIVISION OF PROPERTY TAXATION .
•
?E_ITiONE'n"5 i ASSES30R'5 VALUATION
PROPERTY CLASSIFICATION ESTIMATE ACTUAL VALUE I ACTUAL VALUE
OF VALUE PRIOR TO REVIEW i AFTER REVIEW
• i
I 141 4082 333: 142468, 93Z
PEPS Off AL PROPERTY 1
I
... -. - S / 41468 , 93S 14so63e93=
TOTALS S
the County Board of E?ualizatior.for further consideration,
,too cisagree with :he Assessor's CCCaWn, you hare the right :o " . at to ..
:-3-iC5(i)(al, C.A.S. These tee the back of this form for detailed information on filing your appeal.
07/13/92
WARREN L. LASELL OA.TE
y
`NEL^COUNTY ASSESSOR
920724
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