HomeMy WebLinkAbout921248.tiff /' _\ 915 10th STRE£ n"vL-`r'cc
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NOT _CE OF DENIAL PHONE (303) 356{000, EXT.3256
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C81TQE E: 1--INAITIONAL HOG FARMS INC
NATIONAL HOG FARMS INC PARCEL 0 96 52 30 00002
PIN P C016706
h BILL 0 HARE
25C00 WC RD 69 YEAR 1992
KERSEY CO 8x644 LOG 00C47
07/07/1992
Ti', appraised value of property is based on the appropriate consideration of the approaches to value requires by law. The Assessor has determiner
that your property should be included in the following category(ies):
ALL OTHER PRCPER TY ) INCLUD INC VACANT LAND) IS UALUED BY CONSIDERING THE COST
IAR.KET3 AND I,N COME APPROACHES.
If your concern is the amount of your property tax, local taxing authorities (county, city, fire protection, and other s, :ciat districts) hol:
budget hearings in the fail. Please refer to your tax bill or ask your Assessor for a listing of theta districts,and plan to attend these budget hearing
Ins Assessor h s caretL;;y stuc-ed sit a'vai:aole 'i.nforrnat:on, vine particular aaention. to the specifics included on your protest and 'has deter
mh:ec the vaivat'r ;-ass' d to your property. The reasons-for this deternation of value ere:
YOUW PEP S.^.'IAL PROPERTY HAS BEEN ALLU,iEJ SUFFICIENT DEPRECIATION IN
ACCORDANCE :1ITH THC- :SASE YEAR CUNC EP 1' AND nECONNENDED FROGEDUr SS SET
FORT:-i IN ASSESSMENT :1ANUALS AH 1--Si AH _:'5 AND u4L VOL . 2 PUJLI3HED
3Y THE t TA TE DIVISION OF PROPERTY TAXATION •
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PETITIONER'S I ASSESSOR'S VALUATION
PROPERTY CLASSIFICATION E S-IMATE ACTUAL VALUE ACTUAL VALUE
OF "ALU° PRIOR TO REVIEW I AFTER REVIEW
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PEPS ON AL PROPERTY 14) 468, 333] 14) 468) 93:
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..._ -- TOTALS S S 1 4, 468) 9575 14 ) 468, 93
if you disagree with the Assessor's decision, you nave the right to appear to the Cc nty Board of Equaliration 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.
WARREN L. LASELL 07/13/92
C GATE
O WEL'C COUNTY ASSESSOR C9_ G/]/ 4-3--Ap -_ ,. rr-.:- line :macC OnAATir'1nI CA N! GP"•./FRSr CI(7F 921248
Lief
PROPERTY 'FAX REPRESENTATIVES, INC.
Weld County Board of Equalization
915 10th Street
Greeley, Colorado 80631
ICIA6
Two West 39th Street•Suite 202 • Kansas City, MO 64111
4t* iJTRI
PROPERTY TAX REPRESENTATIVES, 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,
��r 11
Barbara Hulshof
Information Systems
Enc.
TWO WEST 59TH STREET • SUITE 202 • KANSAS CITY. MO 64L11 • (800) 745-FTRiI • FAX (816) 561-0666 • PHONE: (316) 561-4646
_ - - •
YOU HAVE THE R. riT TO APPEAL THE ASSESSOR" lEC1SiGc;
July 1 and continuing August t 0 for
The County Ecard of Equalization will sit to hear appeals I'beginning r, and ing through A3°--ti-104.gu 1and
real property ((land and buildings)and persona[r,ecerty:.•+umisiiings. n,_ninery,'
39-8-107(2), C.R.S.
APPEAL PROCEDURES:
if you choose to appeal the �"-.sseSSc 5 decision. mail or deliver cne copy of this completed form to the County
yoU'r appeal peal must be POSTMARKED OR DELIVERED ON
of i To pfeSeNe'ydUr right to appeal,..card C—qUc l_'='niiC.^.
OR BEFORE JULY 15. .: - :. . .. .
WELD COUNTY BOARD OF EQUALIZATION
-:815 10th Stre'- , P.O. 1 ox pro . - -
.e:ey roior.dc $0E32
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_he : a and places sat ..:r the ilea• - - _ _..
COUNTY BOAS.: OF E C1✓A L5LAT ION'S-D=TERmINATION: .
e, and m„aii you a determination within five
k a decision c.^. your am-.peal
..= Cc..nr% Eoard of Equ�:iz=_tun must make` Board must conclude their hearings by .August 10.
usir.ass days. The County
r_usc =Ja =t:.•,`RISPR:APocAL'S: _
aiidaCCf•s decision. You must.5 flee ':i`-' thirty i..3�i5 of 1
he
ou are not ;aa:;5TceC with the County -Board of CG•_
_,._ CCZU:_ation'S written decision with ONE Cf the ff.licninc
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Board of Assessment Appeals ( &A)• ���
Contac` the AAA at 1313 Sherman, Room 315. Denver. Colorado 50202, (20_) a66-5880.
District Court:
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4littL•EARK TO THE BOARD
\ 5 7,992P.O. BOX 758
GREELEY,COLORADO 80032
(303)350-4000 EXT.4225
• C.
COLORADO
Dear Petitioner(s) :
The Weld County Board of Equalization, pursuant to Colorado law, has heard
your petition challenging the Assessor's valuation of your property.
Enclosed you will find a Resolution of the Board, explaining the action
taken on your petition, as well as your options for appeal.
If you have questions, please do not hesitate to contact me at 356-4000,
Ext. 4217.
Very truly yours,
BOARt OF EQIJA IZAT N
1 vu,
Donald D. Warden
Clerk to the Board
DATED: August 6, 1992
RESOLUTION
RE: THE BOARD OF EQUALIZATION, 1992, WELD COUNTY, COLORADO
PETITION OF:
NATIONAL HOG FARMS INC
Z 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
c Pr i /7-) R F PPS 5C. 51)7 P725
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 ba
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 CO±IISSIONERS
ATTEST: LI/ WELD COUNTY, COLORADO
Weld County C1erk o EXCUSED - DATE OF SIGNING (AYE)
George Kennedy, Chairman
By: 7 7 :1_ 4 . r .(_fi 4�/i?-S
Deputy Clerk to the Board Constance
L. Harbert, Pro-Tem
APPROVED AS T FORM: ! "/ /v
C. W� b��
Assistant County Attorney GordonrE. Lacy
L9/ J t
W. H. Webster "
920724
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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.
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Sincerely, •
G
Cindy L. Magill, CKA
Valuation Consultant
CLM/mf
Attachments
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TWO WEST 39TH STREET • SUITE 202 • KANSAS CITY, MO 64111 • (800) -45•PTRI • FAX: (816) 561.0666 • PHONE: (816) 561-1646
PROPERTY TAX REPRESENTATIVES, INC.
PROPERTYTAX CERTIFICATEQF AUTHORITY
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Date: March 5, 1992
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'Hcc^-Fawns, Inc.
25000 W0R 69
Kersey, Colorado 80644
•
6y: *LW
(Owner 3 Officer of the Cc/ripany)
Corporate Title: 112f%p 6/
Typed Signature: ("pc r4lvinrF
Company: National E g Fans, _Inc.
Address: 9cnnn wr2 F9 xPrrPV m Rn6a4
Phone Number of Signatory: (816) 221-4501
TWO WEST 39TH STREET • SUITE '02 • KANSAS CITY, MO 64 III • 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.
Issue .r1 Valuation Issue of Livestock Eouroment
It is Property Tax Representatives, Inc. (P 1RI) 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 PTRI 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 10-30% 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
PTRI 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.
The important factor wit,-.t considering the application of th, 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
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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 goad factor for the livestock
equipment should be 35%.
Issue ;r_ cemption Request for Disinfectant auipment
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
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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 nor
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 an 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.
Here, the "animal produ is in a "raw or unprocessed state, .td 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.
" ' 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 )
"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
"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)
"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
:EVEL 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
UBSEQUENT HISTORY: Rehearing Denied April 19 , 1990 . Certiorari Denied July 23 ,
L990 .
?RIOR HISTORY: [**1]
ppeal from the Board of Assessment Appeals of the City and County of Denver,
to. 6191.
794 P. 2d 107', * ; 1990 Colo. App. LFXIS /3 , **1
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ISPOSITION: Order reversed and cause remanded with directions.
0UNSEL: Stientjes and Shaddock, Harlan C. Stientjes, Greeley, Colorado,
ttorneys for petitioner-appellant.
Duane Woodard, Attorney General, Charles B. Howe, Chief Deputy Attorney
eneral, Richard H. Forman, Solicitor General, Larry Williams, First Assistant
ttorney General, Denver, Colorado, attorneys for respondents-appellees Colorado
oard of Assessment Appeals.
Thomas O . David, County Attorney, Jan Rundus , Assistant County Attorney,
;reeley, Colorado, attorneys for respondent-appellee Weld County Board of
:cualization and Weld County Assessor.
MIDGES : Opinion by Justice Hodges* . Smith and Marquez, JJ. , concur.
* Sitting by assignment of the Chief Justice under provisions of the Colo.
:onst. , art. VI , Sec. 5 (3) , and @ 24-51-1105 , C.R. S . (1988 Repl. Vol. 10B) .
)PINIONBY: HODGES
794 P. 2d 10Th , * ; 1990 Colo. App. LEXIS /3 , **1
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OPINION: (*1074 ] Opinion by Judge HODGES .
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Plaintiff, Morning Fresh Farms, Inc. , appeals the order of the Board of
Assessment Appeals (BAA) denying plaintiff' s recuest for exemption of personal
property used on its farm. We reverse.
The facts in this case are undisputed. Plaintiff owns an 800-acre farm on
which corn, [**2] wheat, and alfalfa are grown on all but approximately 40
acres . On those 40 acres, plaintiff has 25 buildings housing approximately
750, 000 laving hens and the equipment necessary to gather, convey, wash, candle,
weigh, sort, package, and refrigerate the eggs (egg handling equipment) . A small
percentage of the chicken feed is produced on this farm. Plaintiff purchases
day-old chicks to replace laying hens, and the replaced laying hens and chicken
manure are sold. The laying hens and the chicks are kept str stuns and fiver
touch 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
vaccinating 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
set out in @ 39-1-_102 (3 . 5) , C.R. S . (1989 Cum. Supp. ) . The BAA concluded that:
794 P. 2d 1073 , -,1074 ; 1990 Colo. App. LEXi 73 , **2
[T]his operation. is entirely 'separate-from-the [plaintiff's] -farming"operation±
oth the production of -eggs, and replacement laying hens'are_totally self -
ontained. _Neither-the pullets- nor :- [**3] ; - laying hens ever_touch-the ground .
Plaintiff contends..thatithe.;BAA=erred=in=its`conclusion-that"the-portion of _
laintif£!_s:_farm .devoted`to;the-production=of_eggs: does notmeet the_definition-
)f a_:farm:.under_@-_39-1_102-(3 .5) ..__We,_agree_1.-'
Section 39-1-102 (3 . 5) defines a farm as :
'a parcel of land which is used to produce agricultural products that originate
from the land' s productivity for the primary purpose of obtaining a monetary
profit. "
Plaintiff ' s chicken operation meets the statutory definition of a farm. The
acreage is a "parcel of land" and is used to produce "agricultural products" as
3efined under @ 39-1-102 (1 . 1) , C.R. S . (1989 Cum. Supp. ) . Under @ 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
arming, -inching, animal husbandry, and horticulture. " There is no
794 P. 2d 1073 , -1074 ; 1990 Colo . App . LEX10 73 , **3
•
requirement in the definition of a farm that would exclude a portion of a farm
which is self-contained and within which the livestock does not touch the
;round.
Here, the eggs are an "animal product" in a "raw or unprocessed [**4]
state, " and they are sold for a monetary profit as an agricultural product. -
Thus, the chicken operation falls under the statutory definition of a fang, and
eggs , as agricultural products, [*1075] emanate from the productivity of
this farm' s land.
Colo. Const. art. X, @ 3 (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 the personal property in issue here is "agricultural
equipment which is used on a farm or ranch in the production of agricultural
products. "
794 P. 2d 1073 . x1075 ; 1990 Cola. App. LEX..2 73 , **4
•
If, as here, the facts are not disputed, but the law was erroneously applied
to the facts, the order will not be upheld on review. See Raynor Door, Inc. v.
Charnes, 765 P. 2d 650 (Colo. App. 1988) .
The order is reversed, and the cause is remanded with directions to enter an
order exempting the subject personal property used in plaintiff' s chicken
operation.
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
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. .r6e>.Ectua „value pfsucg,prpperi EotheP 3.
than aurKtul.tura TandS elusive or bu�Tdlnq, imorovemen4
the'reat anasoth than res}dam t a1 ;:raMproQe3ty an other.
than producing m1ne irfi ".sand's or "leasehards rpdyctngig1�y o
`= r ate'
417§t-thifel trt6e" th`aG . determined ,�Y pprop�.
cuss?$ erAtidh!deit;ttie Eastapproach- Fihet_.market appraach7rarid
tie'=income'appraachiY appraise?' The assessor shall consider
and'-documents a1•1rvelethents—' 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
common multiple in response to the order of said board. If a
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 far 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 or
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
EXHIBIT "B"
Pat Lubisher and Kevin Wrath. Sand Livestock Systems. 1418 25th St.. Columbus.
Nebraska 69601. (4021.564-1211 (This is the company that sold the livestock
equipment to National Farms for the Colorado facility.)
Bud Sinclair. California Pellet Mills. Littleton. Colorado (3031797-2733
Harold Meyers. National Farm Products. Inc. (4021925-2822
EXHIBIT "C"
- �
?EH0iX IV-C , Pace 1 ' r :
PERCENT 0000 TABLE
J The personal property percent good table is provided to assist the
:=1 assessor in estimating the replacement cost new less normal depreciation
'J (RCNLO) . The column he uima s represent the average service Iife
ex-p-ectancy 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 ace . The factor shown in .
the columns of th= 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 an a mass appraisal basis only .
The table w-as designed to measure_ physica.l...aenreciation. Additional
functional and/or economic.:bdT iescence may also exist . If documented to -
exist, additional functional and economic obsolescence must be measured
in the marketplace either using the market approach or rent loss
methods . In additi'on , any adjustments to the percent good due to the
•
condition of the subject property must be substantiated and documented .
The minimum percent good shown far each of the columns is useful' as a
Guide to residual value. It is notabsolute and must be correlated with
market inrormation ror similar types of property to be valid . if the __
markRtol = -_' shnws that the actual value or personal oroaerty ic. _
•
different than the published minimum percent coop. the usa or _ the
minimum percent. (Joao woula -he inaoprapriate .'.Tne - actual value of the
personal property must be determined as lona as the property is still in
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-OPT-AS
ARL Vol 5 1-87
Revised 1-92
EXHIBIT "D"
nonproducina oil shale mineral interests , the following
limitations and conditions shall apply:
(a) . The assessor shall capitalize the annual rental
income for such nonproducina mineral interests at a
capitalization rate of thirteen percent. If nonproducinc
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 (b) , "royalty payments" ,
"advanced royalty payments" , and "minimum royalty payments"
means payments attributable to a portion of the current or
future mineral production of a mineral interest, paid for 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 over a fixed period. •
(-13) (a)t 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_cost =approach--.=shall/=
est_abl.ish_=the:maximum valde'of.:property�•if all costs incurred
in the 'acquisition and installation of such property are fully
and completely disclosed by the property owner to the
assessing officer. •
(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 cast approach
to the appraisal of property, pursuant to the provisions or
(1990) -12- •
•
Efl IT "E"
this subsection (13) , in good faith and shall deny the use of
the cast approach only upon just cause that the requirements
set forth in this subsadtion (13) and in section 39-5-116 have
not been complied with by a taxpayer. •If=-it
any_time-that ah".assessi.ng_orficer=wr.ongly.denied-the use or=
the.-cost approach;• such-assessing' offic=_r=shall _ e held..liable
far.al]'costs`incurred.:by'cthe-_taxpayer—in—protesting'such•
assessment-- baseed '-on __such .denial . :However<;5nothing tiro-this. :•
subsection=(13)_shall-_preclud _the; assessingFoff cers froml .
considering "_the7.market="approach , or;:.incpmetapproachatitie
apprai =al'_of;persoi,aT-property Whensuch''.consideration=would
result"-.in= a,�lower.;-valueof,-the_property 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-officers .shall- take- into 'raccount,.
but'need"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 useH 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 far the
lots within such plat, but such time period shall not
generally exceed thirty years.
(c) (I) Far 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 or
such development tract which improvements, other than site
13- (1990)
EXHIBIT "F" -. - -
0
;NATIONAL ECG PARES , INC
--- j DIcINFECTANT SQUIP917`T__-_- --- j
-__AS OF 6/30/92
ASSETN(1. OESCaPTI0N 0ATE0FPUF.C� ---
-- --- -
370 -:0iainlectentSlelron — laglia-
783 True 0isinfedE— cu— io�enl a 545,653.00
10131 8
410 ;2 Pressure Wezhers --- I1R2r89-- S$5 413.00
405 Pessure Washer 15413.00
minas
438 EfacTr0irnfedSisszbon
---
175.00
458 Ftessure Wez er $2,505.00
------- _ 18190 f2,E05.00
513 Usofe ion 8th1dina 111L80
552 X cherAessure'r'lasher iRV--- —512,172.00
3 53157.001
90 Fri!Pressure Washer cnva0 -- --.
604 'Pressure Washer —_ 61.133.00
54—'�--------- — 512r00 — 51185.00
Peasure Washer 1 8/2O0
24 Unit F-vwerWashers — 523879.00
$12S,188.00 1
-_— c. zc. z.-: : .:— rnaG . dcJG
y
03:09/92 i Haticnal Farr¢, Inc- - 1992 Pw 35
DEPRECIATION 5CNEDIII? ST LCCATICH
For tilt Fiscal Tear through 12/31/92 ec A4y .
Bock Schedule I
(.4,-9.--7
Hatt Hog Farm - Finishing
Scc179 Prior Tr Current Annual Depr Thrtmgh
10ms Description Date Svc Method L` Cost Bonus Acc-.ra Dem Tear Cep Net Boot Cur Per 12/31/92
C0429 FINI3N CCYPLEX UNIT `.1 09/30/89 5/1 12 \ 585,674 0 109,814 48,346 427,754 4,069 48,2:,6
C04_3 FINISH CHPLEK UNIT 12 09/30/89 5/1.. 12 ••648,217 0 121,541 54,018 472,653 4,496 54,013
COS44 UNIT 53 FINISHING 04/30/90 M ALT10 12 555,202[ 0 69,440 46,267 439,535 3,851 46,267
30572 UNIT C4 FINISHING BUILD 05/31/70 M ALTIO 12 543,977 0 68,622 45,748 434,601 3,816 45,743
•
006:3 UHIT .5 FINISHING 08/31/90 M ALT10 12 31,014 0 66,377 44,251 420,586 3,683 44251
00649 UNIT 56 FINISHING 08/31/90 M ALT10 12 '028,090 0 66,011 44,007 418,072 3,670 44,007
00629 UNIT 7 FINISHING 10/31/90 N ALTIO 12 5b8,127 0 63,516 42,344 402,267 3,525 62,344
006:0 UNIT a FINISHING 10/31/90 M ALT10 12 5 .5163 0 68.070 45,320 431,113 3,778 45,30
00671 UNIT 9 FINISHING 10/31i90 H ALT10 12 55 ,• 89 0 69,324 46,216 439,049 3,855 46,216
00817 Unit 10 Finishing 'oldg 01/31/91 H ALT10 12 54 346 0 22,619 45,237 474,990 3,767 45,237
00813 Unit 11 Finishing Olds 01/31/91 M ALT10 12 549 013 0 22,709 45,418 476,386 3,783 45,418
008,9 Unit 12 Finishing Bldg 01/31/91 N ALTIO 12 5 46 0 23,314 46,629 487,603 3,853 46,629
00868 Load out Building 05/31/91 H SC 15 15 00,61111 0 1,020 2,041 27,550 171 2,041
00867 Load out corrals 05/31/91 M SL 15 15 10,?22 0 337 675 9,110 59 670
00927 G'IICRE TE lcnOCAJT 0Gr 11/05/91 M SL 15 15 1,324 0 44 L8 1,152 11 88
00943 LCAOCIIT Co2RALS - A00 OM 12/15/91 M SL 10 10 2,543 0 127 255 2,166 Z4 • 255
OS - suildings (1) 6,696,4571W' 0 772,345 557,380 5,366,232 46,441 557,380
00157 40 HOrORc:AoE7 V/WEE PLO 11/23/52 N Sc 7 7 "7.6,62i/ 0 22,077 5,518 11,030 458 5,518"
00176 AUGHENTATICN METER INSTR 01/24/89 M SL 7 7 '1,094" 0 390 156 548 13 156
00551 EQUIP FINISH COMPLEX dt 09/30/89 5/L 12 .697,770' 0 130,833 58,148 508,78c 4,842 58,143
40352 ECUI1 FINISH Cc1PLEX ;2 09/30/89 5/L 12 . 696,204' 0 130,538 58,017 507,6=9 4,832 58,017
00373 FINISH ccPLEX UNIT 91 10/31/89 5/L 12 . 3,654 0 661 305 2,638 30 305
005:0 ILLS FAT-TEST 03/08/90 H ALT 5 5 532' 0 159 106 267 7 . 106
00147 UNIT 'd3 FINISHING EQUIP 04/30/90 M ALT 7 12 696,2045/ 0 87,025 58,017 551,162 4,832 58,017
00566 EXCZLL PRESSURE WASHER 05/08/90 M ALT 7 10 1,133✓ 0 170 113 850 14 113
00576 TLC HOG SCALES 05/21/90 M ALT 7 10 1,267 ✓ 0 190 • 127 950 6 127
0057 UNIT 44 FINISHING EQUIP 05/31/90 M ALT 7 12 696,2041 0 37,03 58,017 551,162 4,832 53,017
006:4 EQUIP • UNIT 5 08/31/90 H ALT10 12 696,204J 0 87,025 58,017 551,162 4,832 58,017
00655 EQUIP - CHIT 6 08/31/90 N ALT10 12 676,204 ✓ 0 87,025 56,017 551,162 4,332 53,017
00693 UNIT 7 FINISHING EQUIP 10/31/90 H ALT 7 12 696,204 0 87,023 58,017 551,162 4,832 58,017
00694 UNIT 8 FINISHING EQUIP 10/31/90 M ALT 7 12 696,204✓ 0 87,025 58,017 551,162 4,332 58,017
00695 UNIT 9 FINISHING 314? 10/31/90 M ALT 7 12 696,204/ 0 87,025 53,017 551,162 4,632 58,017
007:4 LVET TANK UNIT ,y1 11/30/50 M ALT 7 12 17,950'. 0 2,244 1,496 14,210 121 1,496
007:5 WHET TANK UNIT 22 11/30/90 M ALT 7 1Z 22,474v1 0 2,509 1,673 17,792 157 1,873
00706 WHET TANK UNIT 43 11/30/90 M ALT 7 12 22,326✓ 0 2,791 1,661 17,676 156 1,261
00707 WHET LINE UNITS 1-12 11/30/90 M ALT 7 12 37,473/ 0 4,684 3,123 29,666 263 3,123
00708 68 MITES IX FINISHING 11/30/90 M ALT 7 12 25,7C6 f 0 3,218 2,145 20,33 176 2,145
00307 Privy-Save controls 01/24/91 M sl 7 7 20,805 0 1,436 2,972 16,147 244 2,972
00820 3 5002 Hog Sot v/sgt gad 01/05/91 N SL 7 7 1,694/ 0 121 242 1,331 22 242
0082I L'nic 10 Finishing Equip- 01/31/91 M ALTIO 12 696,204". 0 29,008 58,017 609,179 4,832 58,017
00£22 Unit 11 Finishing Equip. 01/31/91 M ALT10 12 696,20411- 0 29,008 58,017 609,179 4,8.12 58,017
00803 Unit 12 Finishing Equip. 01/31/91 M ALT10 12 696,244✓ 0 29,006 58.017 607,177 4,872 58,017
008_7 500 LI Nog Scales 03/12/91 N SL 7 7 1.130' 0 81 161 383 18 161
00372 52 Finiseing chutes 05/31/91 M SL 7 7 21,3377 0 1,560 3,120 17,157 260 3,120
00E73 Ley Lines 05/31/91 N Sl 7 7 5,554 0 254 505 2,792 46 503
00474 Washer and Dryer 05/31/91 M SC 7 7 651 / 0 44 93 $12 5 93
/1::3,755 7o scales et Units 05/31/91 N SL 7 7 13,779 0 1,541 2,633 14,755 219 2,663
003≥1 PivnIing hsrdle 10/09/91 v SC 7 7 2.958 / 0 211 423 2.324 33 423
03:09/92 National Ferns, Inc. - 1992 Page 36
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Year through 12/31/92
Book Schedule
Hatt Hog Farm - Finishing
5ec179 Prior Tr Current Annual Depr Through
Hva Description Date Svc Method Lf Cost Bonus ACCUU Dep Tear Dep Net Soak Cur Per 12/31/92
..J.-
20 - Ecpipent (1) Corwiiir1`8,5 0 1,002,063 723,360 6,874,275 60,247 723,360
00702 Wilson Trailer 02/04/91 M SL 5 5 778 0 778 1,556 5,444 126 1,536
00716 1967 AMERICAN TRAILER 11/27/90 M ALT 5 5 2 0 0 825 550 1,375 44 530
00810 Tasty Lift ace 03/05/91 M SL 5 5 1, 47 0 105 209 733 22 209
00881 TOMMY LIFT CATE 05/29/91 M SL 5 5 1,7 0 105 209 733 22 209
00922 Used Utility Trailer 10/29/91 M SL 5 5 0 90 180 630 15 180
i ]p
30 -.Transportation Equipment 13,522 f 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
03!09/92 National Farm„ Inc. - 1992 Page 38
DEPRECIATION SCHEDULE SY LOCATION
Far the Fiscal Tear through 12/31/92
Boek Schedule
Watt Nog Farm - Farrowing
5ec179 Prior Tr Current Annual Dapr Through
Num Description Date Svc Method Lf Cost Bonus Acct m Dep Tear Dep Net Book Cur Per 12/31/92
00244 CABINETS UNIT 12 07/12/89 N SL 7 7 394, ,0 140 56 198 1 56
00245 TWO OFFICE DESKS 07/15/89 M SL 7 7 468cFC.. C 167 67 234 1 67
00246 TW SECRETARY CHAIR 07/15/89 M SL 7 7 247 c----- 9, 88 35 124 2 35
00258 THREE MOBILE RADIOS 07/07/89 M SL 7 7 1,335 la'--Y0 477 191 667 15 191
00259 CABINETS WIT 12 07/17/89 M EL 7 7 340,' 0 122 49 169 5 49
00240 IASHER,ORT£R,RANGE, REFR 07/20/89 N SL 7 7 1,522 ..,t;,,X0 543 217 762 19 217
00264 IIVESTGCK TRAILER 08/07/89 M SL 5 5 37240 0 1,635 654 981 49 654
00318 GR SOURCE HEAT PUMP HSE 09/30/89 H SL 5 5 8-}93 C. 0 4,100 1,640 2,459 133 1,640
00328 ENT-1 PLL4P HOUSE 10/31/89 M SI 7 7 25,127''` vp 8,975 3,590 12,562 301 3,590
00345 WASHER, DRYER 10/11/89 N SL 7 7 572 u7 y0 205 82 285 5 82
00346 RANGE, REFRIGERATOR 10/11/89 N SL 7 7 877-11 !`0 313 125 439 15 125
00347 GR SOURCE NEAT PUMP HSE 07/30/89 M 51 7 7 3,.192$ 0 2,928 1,171 4,100 93 1,171
00353 ALPINE CABINETS 09/13/89 N SL 7 7 . 2,32106 x D 830 332 1,159 24 332
00354 LAB CABINETS 09/13/89 M SL 7 7 340;4 0 122 49 169 5 49
00355 LAS CABINETS 09/13/89 M SL 7 7 340X 0 122 49 169 5 49
00356 WATER HEATER 09/14/89 M SL 7 7 2;91'94- 1,042 417 1,460 32 417
00337 DESK & CHAIR 09/12/89 N SL 7 7 358:k; 128 51 179 7 51
00358 WASNER,DRYER,RANGE & REF 09/30/89 M SL 7 7 1,490 Jq 0 532 213. 745 15 213
00359 EQUIP FARROW COMPLEX 93 09/30/89 5/I 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 y0 112,593 51,966 459,035 4,325 51,966
00372 DESK 10/25/89 N SI 7 7 234O9,%t0 83 33 118 0 33
00373 SEWAGE PIT HOUSE #3 10/31/89 M 5I 7 7 1744-- 0 417 167 583 13 167
00408 TOMMT GATE 11/27/89 M SL 7 7 1,051 "„0 375 150 526 7 150
00409 ANDERSON-HICXET DESK 11/29/89 M SL 7 7 234 c' �. 0 83 33 118 0 33
00437 WALK CN TRAILER 11/17/89 M SI 5 5 12,600%( . 0 6,300 2,520 3,780 210 2,520
00451 DESK 01/08/90 N ALT 7 7 /234%-'"b 50 33 151 0 33
00452 WIRING REFRIG TRAILER 01/03/90 M ALT20 10 4-TSi 0 620 413 3,098 39 l 413
00466 APPLIANCES EAP HOUSE #7 01/01/90 N ALT 7 5 1,.9-, , 0 435 290 724 26 - .290
004;6 EQUIP FARROW UNIT #6 01/31/90 M ALT 7 7 1623,5941 0 133,627 89,085 400,882 7,421 89,085
00500 DESK UNIT 09 03/16/90 M ALT 7 7 ✓ 246tr?; .7% 53 35 159 2 35
00509 WASHER,DRTER,REFRIGERATO 03/01/90 H ALT 7 7 /1,471 /L.\ s..10 315 210 946 12 210
00520 EQUIP FARROW CCNPLEX #9 03/31/90 M ALTIO 12 1623,5941A; 0 77,949 51,966 493,679 4,325 51,966
0053.3 SECRETARY DESK & CHAIR 04/06/90 M ALT 7 10 ./ 375,..1-4:- .)S"
75 d "J 57 38 280 5 38
00548 UNIT #8 FARROWING EQUIP 04/30/90 N ALT10 12 '623,594 \ 0 77,949 51,966 493,679 4,325 51,966
00549 WHET TANKS UNIT #2 04/30/90 M ALT 7 15 17,716 ' Y 0 1,772 1,181 14,763 103 1,181
00590 PROPANE TANKS UNIT #2 04/30/90 N ALT 7 10 v5,221 >' 0 783 522 3,916 38 522
00551 WHET TANKS UNIT #i 04/30/90 M ALT 7 15 =17,417 -\ 0 1,742 1,161 14,514 94 1,161
00565 WASHER,DRTER,RAHGE & REF 04/13/90 M ALT 7 10 ./1,571 )'w��/00 236 157 1,178 14 157
00573 ANDERSON HICKEY DESK 05/23/90 M ALT 7 10 .1 246 Ck,' < 37 25 184 3 25
00579 TWO )HOG TRAILERS/SCALES 04/20/90 M ALT 7 10 ,!12,450 „C 0 1,868 1,245 9,337 101 1,245
00580 WASHER,ORTER,RANGE,REFRI 05/04/90 N ALT 7 10 /1,505 1 v9 226 151 1,128 8 151
00581 UNIT 77 FARROWING EQUIP 05/31/90 M ALT 7 12 J623)) ,S946,.\ 0 77,949 51.966 493,679 4,325 51,966
00582 UNIT 45 FARROWING EQUIP 11/30/89 S/L 12__ /623,59 -(0 108,263 51-966 463,365 4,325 51,966
005:3 FARM KING GRAIN AUGER 05/15/90 M ALT 7 10 /11,3441.- 0 201 134 1,009 13 134
00598 FEED CART 05/31/90 M ALT 7 10 ✓959 0 144 96 719 8 96
00599 WEED EATER 06/13/90 M ALT 7 10 d 387 C11;')-- 58 39 290 6 29
00400 WASHER,DRTER,RANGE,FRIG 06/13/90 M ALT 7'10 V1,497;71 ' D 225 150 1,122 7 150
!
00634 DESK & CHAIR 07/13/90 M ALT 7 10 / 375 Gi,C-"b 57 38 250 5 38
00633 FARROWING EQUIP UMIT 710 07/31/90 N ALT10 12 1623,594:< 0 77,949 51,966 493,679 4,325 51,966
00641 APPL IN ENP HCUSEE 111 08/06/90 M ALT 7 10 1,-540-Fl: 0 227 151 1,132 8 151
00656 UNIT 711 FARROWING EQUIP 08/31/90 N ALTIO 12 /623.594)( 0 77,949 51,966 493,679 4,325 51,966
00658 DESK & CHAIR 08/17/90 M ALT 7 10 ./375 will 57 38 280 5 - 38
03/09/92 National Farms, Inc- - 1992 Page 39
DEPRECIATION SCHEDULE dY LOCATION
Far the Fiscal Year through 12/31/92
Book Schedule
Nact Hog Farm - Farrowing
5ec179 Prior Tr Current Annual Depr Through
Win Description Date Svc Method Li Cost Boras Accum Dep Year Dep Net dock Cur Per 12/31/92
00667 EIIP HOUSING PLAYGR01N0 09/30/90 14 ALT 7 10 u/10,918 1,638 1,092 8,188 91 1,092
00663 UNIT #12 FARROWING EQUIP C9/30/90 H ALT 7 1Z ,./623,594,X 77,949 51,966 493,679 4,325 51,966
00669 DESK & CHAIR 09/17/90 M ALT 7 10 •/355 0 57 38 280 5 38
00670 APPLIANCES EMP ROUSE #12 08/18/90 M ALT 7 10 /1r54 e-.4.. 0 231 154 1,158 11 154
00709 20 CHUTES IN FARROWING 11/30/90 M ALT 7 12 1/7,572' 0 946 631 5,995 48 631
0000712 WALK CH TRAILER 10/16/90 M ALT 5 5 •, 4,800 x 0 1,440 560 2,400 60 960
00805 Elec 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 1,680' 0 120 240 1,320 20 240
00877 Water Well #3 05/31/91 H SL 7 7 182,827 / 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 1977 Wilson Trailer 09/30/91 M SL 5 5 7,900✓ 0 790 1,580 5,530 128 1,580
00911 FOR EXT-Nurse Fccd Test 09/25/91 M SL 7 7 1,824✓ 0 130 261 1,433 19 261
00923 Processing carts 10/29/91 M 81 7 7 2,3771/ 0 170 340 1,867 32 340
00924 Bottom dare for Breeding 10/11/91 M SL 7 7 1,166✓ 0 83 167 916 13 167
20 • Equipment (1) j o-rrccc:£C•1 t_\u__ 7,806,980 0 1,259;355 704,118 5,833,507 58,561 704,118
--- = r r5i3c3 }4
00162 1989 CHEV PICKUP 04/11/89 M 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
02237 Two TCMMT GATES 06/28/89 M 51 5 5 (2112-5,,,-7"`" 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 TOmY GATE-1983 FORD PU 09/28/89 M 5l 5 5 ,051 '� 0 525 210 316 12 210
00362 TOMMT GATE-1985 FORD PU 09/28/89 H SL 5 5 L�' .7 0 525 210 316 12 210
003:7 1983 CHEV PICKUP 11/03/89 N SL 5 5 2 800 0 1,400 560 840 43 560
00455 TOMMY GATE ON 83 CHEVY 01/16/90 X ALT 5 5 (..:1.S1.1...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
00473 1985 CHEVY PICKUP 01/29/90 M ALT 5 5 3,300 0 990 660 1,650 55 :.660
00474 1981 CHEVT PICKUP 01/29/90 M ALT 5 5 1,900 0 570 380 950 28 380
CC475 1979 CHEV PICKUP 01/29/90 M ALT 5 5 1,900 0 570 380 750 28 380
00505 TOMMY GATE 03/14/90 M ALT 5 5 (j2,..:1
48 0 285 190 473 14 190
00540 1981 GMC PICKUP 04/18/90 14 ALT 5 5 2,000/�� 0 600 400 1,000 37 400
(
00541 TOMMY GATE 04/03/90 M ALT 5 5 SI 0 285 190 473 14 190
00555 TOMMY GATE 04/27/90 M ALT 5 5 0948 1 D 285 190 473 14 190
00622 TOMMY GATE 06/07/90 M ALT 5 5 <948 ! 0 285 190 473 14 190
006:3 1985 GMC PICKUP 06/13/90 X ALT 5 5 3,500 0 1,050 700 1,750 62 700
00624 1985 CHEVROLET PICKUP 06/12/90 X 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 __.('7,143! 0 853 569 1,421 52 569
00882 84 CHEV PICKUP 06/24/91 H IL 5 5 2,800 0 280 560 1,960 43 560
00853 86 CHEV PICKUP 06/24/91 N SL 5 5 3,600 0 360 720 2,520 60 720
00892 1973 CHEV PICKUP 08/21/91 M SL 5 5 1,500 0 150 300 1,050 25 300
30 - Transportation Equipment ce7Terr 0 24,491 13,524 29,602 1,105 13,524
00527 608 bears 03/15/90 M SL 3 3 x309,914 0 154,957 103,305 51,652 8,606 103,305
00528 6860 purchased sous 03/15/90 M SL 3 3 11344,622 0 672,311 448,207 224,104 37,346 448,207
08631 2849 RAISED SOWS 09/15/90 M `SL 3 3 2'84,900 0 143,570 94,967 46,363 7,913 94,967
0082? 129 SOARS 01/15/91 M SL 3 3 79,60 0 13,210 Z6,420 39,630 2.198 26,420
00850 Z3 Purchased Sow 01/15/91 H SL 3 3 8 625 0 1,457 2.875 1,313 235 2,875
00331 3911 RAISED SOUS 01/15/91 N SL 3 3 3 ,100 0 65,183 130,367 195,550 10,863 130,367
00657 142 RA[5ED Sects 05/15/91 M 5L 3 3 '5(200 0 2,367 4,733 7,100 399 4.733
00913 67 dears Purchased 09/15/91 M SL 3 3 411770 0 6,962 13,923 20,885 1,163 13,923
03/09/92 National Farms, Inc. - 1992 Page 40
DEPRECIATION SCHEDULE BY LOCATION
For the Fiscal Year through 12/31/92
Book Schedule
Matt Hog Farm - Farrowing
5ec179 Prior Yr Current Actual Depr Through
Run Description Dace Svc Method Lf Cost Bares Accra Dep Year Dep Het Sock Cur Per 12/31/92
00914 12 Purchased Sows 09/15/91 M 5l 3 3 4 500 0 750 1,500 2,250 125 1,500
00915 1597 Raised Sows 09/15/91 M Sl 3 3 \\42,570
9,100 0 26,617 53,233 79,850 4,437 53,233
00931 86 purchased sows 11/15/91 M SL 3 3 31/ 0 0 5,370 10,750 16,125 894 10,750
00552 970 RAISED SOWS 11/15/91 M SL 3 3 9000 0 16,167 32,333 08,500 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 SC 3 3 y/2, 00 0 7,117 14,233 21,350 1,187 14,233
(5
50 - Livestock 2,856,931 0 1,123,755 952,309 780,867 79,349 952,309
LOCATION 7110 TOTAL 19,969,862 I` 3,756,285 2,380,633 13,832,944 198,244 2,380,633
•
03/09/92 National Farm, inc. - 1992 Page 41
DEPRECIATION SCHEDULE BY LOCATION
for the Fiscal Year through 12/31/92
Book Schedule
Nat( Kog Farm - Food Mill
Sec179 Prior Tr Current Annual Oepr Through
Nun Description Date Svc Method Lf Cost Bonus Accun Deg Tear flop Net Book Cur Per 12/31/92
00368 FEED MILL BUILDING 10/31/89 M 5L 20 20 1,015T3 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
n.05 • Buildings (1) 1,060,449 0 129,865 52,643 878,141 4,373 52,443
00294 TRUCK SCALE 08/31/89 S/L 12 3i-:r?$" 0 6,179 2,648 22,945 217 2,648
00335 TRUCK PROBE 10/25/89 M St 5 5 9,677/ 0 4,838 1,935 2,904 164 1,935
00336 GRAIN SCALES 10/02/89 M SL 7 7 1,6941 0 605 242 847 22 242
00337 MOISTURE TESTER 8 PRINTS 10/09/89 M SL 7 7 3,678 0 1,313 525 1,840 41 525
00344 WASHER & DRYER 10/11/89 M SC 7 7 562 ✓ 0 200 80 232 3 80
00376 FEED MILL EQUIPMENT 10/31/89 S/L 12 491,'.55 . 0 88,868 41,016 362,311 3,418 41,016
00377 HYDRAULIC PALLET TRUCK 10/31/89 M SC S 5 556 J 0 278 iii 167 12 111
00395 PORTABLE SCALES 11/03/89 M SI 7 7 335✓ 0 120 48 167 4 48
00460 FORKLIFT 01/11/90 M ALT 7 10 6,489):/, 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 OETECTO SCALE 03/06/90 M ALT 7 10 762X 0 114 76 572 10 76
00534 FAT PUMP 05/25/90 M ALT 7 10 1,65 v 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 N St 7 7 4,091 •,'vN 0 292 584 3,215 45 584
00925 Winch Harness 09/24/91 K SL 7 7 2,467 ',J.• 0 176 352 1,939 33 352
i
20 - Equipnent (1) (y-r-iR}.41, 58&1-44 0 106,545 53,077 426,791 4,413 53,077
00160 IHC FEED TRUCK C8C - 198 03/17/89 M SC 5 5 45,304 0 22,652 9.061 13,591 756 9,061
00178 FEED SOX FOR TRUCK 03/17/89 M 5L 5 5 .,6,045 0 8,023 3,209 4,813 272 3,201
00197 AM-FM TRUCK RADIO 04/27/89 M SL 5 5 1 3145 0 73 29 43 7 • 29
00330 79 GMC BRIGADIER TRUCK 10/27/89 N SL 5 5 12. 000 0 6,000 2,400 3,600 200 2,400
00334 78 CAC SRIGASIER 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 44883 0 13,465 8,977 22,1.41 749 8,977
00512 1990 LEO'ELL AUGER SOK 07/31/90 M ALT 7 10 18150) 0 2,775 1,850 13,073 156 1,850
00537 FEED TRUCK - 1991 10/05/90 M ALT 5 5 46,542 0 13,362 8,908 22,272 746 8,908
00588 FEED TRUCK BOOT • 1991 10/19/90 M ALT 5 5 19,500 0 5,850 3,900 9,730 325 3,900
00643 1991 Int. Feed Truck 01/16/91 M SL 5 5 '.55,930 0 4,593 9,186 32,151 760 9,186
00827 1991 Ledvell 22 Auger bo 01/07/91 N Si. 5 5 21,250 0 2,125 4,250 14,375 356 4,250
30 • 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
03/09/92 National Farms,
Inc. - 1992 Pa5e -42
DEPRECIATION SCHEDULE ST LOCATION
For the Fiscal Tear through 12/31/92
Sock Schedule
Watt Hog Farm • Effluent
Sec179 Prior Tr Current Annual Dcpr Through
Mun Description Date Svc Method LI Cost 3ort.5 Accum Dep Year Dep Net Book Cur Per 12/31/92
r__ /
00296 SEPARATOR R1 BUILDING 08/31/89 5/L 12 161 7V
��? / 0 31,453 13,480 116,823 1,127 13,4"50
00321 SEPARATOR t2 BUILDING 10/31/89 S/L 12 (:14L26,0....r4 0 25,883 12,013 106,260 1,002
12,013
00414 DRILLING MONITORING WELL 09/14/89 M SL 15 15 }}r.:.€; je 0 1,965 786 9,034 60 706
00423 ENT-1 TANK 1.5 MILL GAL 09/30/89 S/L 12 `251 482 183,372 1,751/ 0 47,153 20,957 2. 20,957"
24
00429 PIPE LINE 09/30/89 M SL 15 15 2 272 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 00/30/89 4 s1 15 15 scat 0 5,235 2,102 24,166 177 2,102
00457 TREES 01/20/90 M ALT15 20 5,366 0 102 68 1,196 2 68
00469 RETENTION PONDS 01/31/90 H ALT15 15 .?50.,105. 0 16,020 10,680 133,503 890 10,680
00470 EHT-1 FOUNDATION 01/31/90 M ALT 7 20 87-742 - 0 653 435 ' 7,614 39 435
00523 SEPARATOR #3 BUILDING 03/31/90 M ALTIO 12 ,48 679/✓ 0 18,585 12,390 117,704 1,027 12,370
00535 MON1TEERING WELLS 04/09/90 M ALT15 12 9y-E3_A / 0 1,210 807 7,664 70 807
00606 EFFLUENT HOLDING TANK 132 06/30/90 M ALT 7 12 67,767./ 0 4,721 3,147 29,899 265 3,147
00607 FOUNDATION E H F TANK #2 06/30/90 X ALT 7 12 7@55726 0 13,365 8,910 84,651 737 8,910
00608 ENT-2 SURVET,DIRTWRK,TES 06/30/90 M ALT15 15 }8798 0 - 1,880 1,253 15,665 109 1,253
00659 SEPARATOR 44 BUILDING 08/31/90 H ALT10 12 146142 j 0 18,268 12,179 115,697 1,014 12,179
00808 Monitor Welt 106 02/13/91 M 51 15 15 HZ= 0 46 92 1,245 4 92
00847 Monitor Wetl 98 02/13/91 M SL 15 15 1,14.:- 0 38 76 1,033 10 76
00848 Monitor Welt 9A 02/13/91 H SL 15 15 1.73,- 0 46 91 1,235 3 91
00870 EMS - Fresh vaccr pond 05/31/91 X 5L 15 15 85-246 0 2,842 5,685 76,741 471 5,685
00871 Flood Potts 65/31/91 H SL 15 15 46 '246 '2.14 / 0 1,351 2.701 36,466 226 2,701
00904 LIFT STATION SEPARATOR 08/31/91 M SL 7 7 <163_'. �' 0 119 238 1,308 18 238
00905 SCREENING STATION 08/01/91 H SL 7 7 112,905 0 922 1,8/.4 10,139 150 1,844
00910 Concrete cork•Lift Stati 09/28/91 M SL 10 10 4'71-2 0 236 471 4,005 42 471
05 - Buildings (1) I 13 ,-77,7 8 0 243,746 131,056 1,322,916 10,914 131,056
00207 DANUSER DIGGER AUGER 06/26/89 H 5L 7 7 762'"- 0 272 109 381 10 109
00216 DUAL MANURE SPREADER 07/05/89 H SC 7 7 16,969Y' , 0 6,060 2,424 8,485 202 2,424
00256 FIAT-ALLIS FRONT END LOA 07/24/89 M' SL 7 7 4 '.7 0 15,065 6,026 21,088 504 6,026
00257 CASE TRACTOR 07/31/89H St. 7 7 53,065- 0 18,945 7,578 26,522 626 7,578
CO261 ROTARY ROWER 07/15/89 M SL 7 7 9,1461'1'. 0 3,267 1,307 4,572 108 1,307
f.
00292 CARYALL SCRAPER 08/25/89 N SL 7 7 3,639.-- 0 1,300 520 1,819 47 520
00293 CHISEL PLOW INTERSEEDER 08/24/89 M SL 7 7 14,768, 0 5,267 2,107 7,374 171 2,107
00313 CRASS DRILL 09/26/89 M SL 7 7 9,684 C 3,458 1,383 4.843 118 1,333
00373 DIGITAL OXYGEN ANALYZER 10/19/89M SL 7 7 ( 457. , C 163 65 229 10 65
/1._..,
00396 OXYGEN ELEC TR[OE SENSOR 11/02/89 M SL 7 7 /119 'J 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
00415 RADIOS 12/06/89 M Si 7 7 - 574'•/ 0 205 82 287 5 82
00456 INTL FARMALL TRACTOR 01/02/90 A ALT 7 10 . 4,120 0- 0 618 412 3,090 38 412
00459 INTL FARMALL TRACTOR 01/02/90 x ALT 7 10 4,120104/ 0 618 412 3,090 38 412
00467 TVO 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 10 221,373.•. 0 3,2136 2,137 16,030 179 2,137
00482 SLURRY PLUS SPREADER 02/09/90 M 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)'u 0 1,260 640 6,300 70 840
00521 BIG GUN 02/28/90 M ALT 7 10 11,136 4'3 0 7,671 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 1,3761kL* 0 207 138 1,031 6 138
00602 MANURE SPREADER 06/11/90 M ALT 7 10 12,760n,(2 0 1,914 1,276 9,570 110 1,276
00630 1968 JD 4020 TRACTOR 07/02/90 M ALT 7 10 8,000(' ? 0 1,200 800 6,000 63 Sr /-00431 HYDRAULIC BLADE - 06/30/90 x ALT 7 10 2.709 fa(: 0 406 271 1.032 18 2', /r
03/09/92 National Farms, Inc- - 1992 Page 43
DEPRECIATION SCHEDULE 37 LOCATION
For the Fiscal leer through 12/31/92
Book Schedule
Watt Hog Farm - Effluent
Scc179 Prior Yr Current Anneal Depr Thragh
Moo Description Date Svc Method Lf Cost Bonus Acccm Oep Tear Oep Not Sock Cur Per 12/31/92
00639 NEW HOLLAND SKID STEER 07/18/90 X ALT 7 10 21,115A&, 0 3,168 2,112 15,835 176 2,112
00645 PRESSURE WASHER 08/21/90 X ALT 7 10 / 0 432 288 2,159 24 288
00646 EVERSMAN LEVELER 08/20/90 X ALT 7 10 4::6722( 0 402 268 2,008 26 268
00647 CUSTOM FLATBED TRAILER 08/24/90 X ALT 5 5 L9J 0 150 100 250 12 100
00696 GRAIN DRILL 10/10/90 X ALT 7 10 2, Oi/ 0 45 30 225 3- 30
00802 Chameion 16 Welder 02/12/91 M SL 7 7 6 0 186 372 2,043 31 372
008:3 INC 100 Hydro Tractor 01/25/91 X SL 7 7 8,7551719 A 625 1,251 6,879 107 1,251
00825 2 - 4 Drawer File Cabins 01/29/91 X SL 7 7 551 h-' 0 39 79 433 2 79
00861 GENRTR TRAILER - CUSToM 04/30/91 M SL 5 5 11955 0 194 387 1,355 35 387
00867 TRACTOR 06/19/91 M SL 7 7 8,49eb 0 607 1,214 6,677 103 1,214
00873 FDR ADJUST HANDLES 11/10/91 M SL 7 7 107332 0 736 1,472 8,094 119 1,472
00880 CATERPILLAR ENGINE 06/28/91 X SL 7 7 78-702 / 0 1,336 2,672 14,694 219 2,672
3
00891 GAS DETECTOR - PHD 11/10/91 M 5L 7 7 , 2 J 0 166 332 1,824 24 332
00896 IN 806 Tractor v/Cab 09/07/91 M SL 7 7 4,8640) 0 347 695 3,322 57 695
00897 IN 14766 Tractor v/Cab 09/07/91 M SL 7 7 6,48201 0 463 926 5,093 77 926
00898 IN 1566 Tractor v/Cab 09/07/91 N SL 7 7 6,4831`l'7 0 463 926 5,094 79 926
00899 RHINO ROTARY CUTTER 10/15/91 M SL 7 7 4.--- 0 628 1,256 6,910 101 1,256
00944 EMWELls 25-30 12/15/91 X SL 7 7 • 13 '/ 0 509 1,019 5,604 84 1,019
01890 ROTARY SHREDDER 02/01/76 S/L 8 3,588Y3 0 3,588 . 0 0 a 0
029228 LOADER W/BUCKET SCOOP 02/01/85 S/L 12 1-738 ,, 0 753 116 519 6 116
03242 USED BOBCAT LOADER 09/30/88 M 5L 7 7 14 sCr ✓ 0 2,250 643 1,607 49 643
30007 TRACTOR 010 JOHN DEERE 06/01/65 S/L 8 6_714 NCI 0 6,704 0 C 0 0
30021 TRACTOR =l 06/01/62 S/L __21 4,-20.D l`u' 0 5,000 0 0 0 0
30024 TRACTOR 415 06/01/67 5/L 8 4.183 (-i) 0 4,183 0 0 0 0
20 - Equipment (1) 1 2j4(,? 580,633 0 103,793 47,652 237,410 3,968 47,682
00296 SEPARATOR .01 cYOUIPXENT 08/31/89 5/L 12 83,329)' 0 16,203 6,944 60,182 575 ,6,944
00298 IRRIG PIVOT SYSTEMS 1-8 09/30/89 H SL 7 7348;=47 0 121,695 48,678 170,374 4,051 48,673
00360 WIRE b CONDUIT 09/21/59 M 5L 7 7 8 33- i 0 2,905 1,162 4,066 95 1,162
00379 ENT-1 EQUIPMENT 10/31/89 M'5L 7 7 3,522•'`/ 0 1,260 504 1,763 42 504
00380 PL1R4BING SEPARATOR BLDG 10/31/89 M SL 7 7 6,3Ir 0 2,433 973 3,408 82 973
00381 SEPARATOR #2 ECUIPMENT 10/31/89 5/L 12 c72,07'X 0 13,155 6,007 52,917 496 6,W7
6 003 PIVOTS 9-12 10/31/89 H 5L 7 7 1"-10' 0 50,470 20,188 70,656 1,686 20,188
00425 2 PUMPS 09/30/89 M SL 7 7 36+631= 0 13,085 5,234 18,318 438 5,234
00426 P175P 09/30/89 M .SL 7 7 1,!68. 0 1,488 595 2,085 45 595
00427 TESTING & ENGINEERING CH 09/30/89 H SL 15 15 977905' 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 22 262
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 X 5L7 7 944 0 695 278 971 25 273
00435 CAT DIESEL ENGINE 09/30/89 M 5L 7 7 i 19^852 / 0 7,092 2,837 9,930 241 2,837
00436 COMPRESSOR SKID 09/30/89 M SL 7 7 /3421,.7 0 1,222 489 1,710 38 489
00471 PIPE TO PIVOTS 01/31/90 M ALT 7 10 47159 0 620 413 3,097 39 413
00472 PIVOTS !RR 5TS #9-12 03/31/90 M ALT 7 10 $4705'r 0 7,658 5,105 38,291 430 5.105
00523 SEPARATOR 03 EQUIPMENT 03/31/90 H ALT10 12 74,339 0 9,292 6,195 58,85Z 519 6,195
00524 IRRIGATION PIVOT 575 #13 03/31/90 M ALT 7 10 67-058- 0 10,056 6,704 50,276 555 6,704
00525 IRRIGATION PIVOT 515 414 03/31/90 M ALT 7 10 4-2,936 0 6,441 4,294 32,201 356 4,294
00534 IT ENGINEERING CHARGES 04/30/90 X ALT10 12 3x638 0 4,704 3,136 29,798 265 3,136
00649 'BACKFLGW PREYENTOR EHT-2 06/30/90 X ALT 7 10 +x' 1_ 0 734 489 3,668 33 489
00610 PIPE ENT-2 06/30/90 M ALT 7 12 ( �S '� 0 4,386 2,924 27,775 240 2,924
00611 PUMP ENT-2 06/30/90 X ALT 7 10 (3,952 0 393 395 2,964 32 395
00612 ELECTRICAL EHT-2 O6/30/90 M ALT15 10 19-166 0 1,569 1,046 7,845 89 1,046
03/09/92 National Farms, Inc- - 1992 Page 44
DEPRECIATION SCHEDULE 3T LOCATION
For the Fiscal Tear throcrih 12/31/92
Soot Schcdule
Natl Nog Farm - Effluent
Se^_179 Prior Yr Current Annual Depr Through
Num Description Date Svc Method Lf Cost Sorts Accun Dep Tear oep Net Book Cur Per 12/31/92
00613 PUMP STATION ENT - 2 06/30/90 M ALT15 10 15;129 0 2,344 1,563 11,722 133 1,563
00614 POW HOUSE EHT-2 06/30/90 M ALT15 10 18,��5 0 2,814 1,876 14,065 160 1,876
00615 EHT - 2 AERATION 06/30/90 M ALT 7 12 70 0 11,337 7,558 71,307 628 7,558
00616 SLCLER AT EHT-2 06/30/90 M ALT 7 10 ,49 112�/ 0 7,367 4,911 36,834 412 4,511
00617 CAT ENGINE EHT-2 06/30/90 M ALT 7 10 (0,,459,0 0 3.369 2246 16,844 189 2,246
00618 PiVOt IRRIG SYSTEM #15 06/30/90 M ALT 7 10 44,447 0 6,712 4,475 33,560 372 4,475
00619 PIVOT IRRIG STSTEM #16 06/30/90 X ALT 7 10 61-rP9 0 9,169 6,113 45,847 514 6,113
00620 PIVOT IRRIG SYSTEM 017 06/30/90 N ALT 7 10 42-?80 0 6,342 4,228 31,710 356 4,228
00621 PIVOT IRRIG SYSTEM 018 06/30/90 X ALT 7 10 54 y21 0 8,238 5,492 41,191 454 5,492
00659 SEPARATOR 04 EQUIPMENT 08/31/90 M ALT10 12 73,071 0 9,134 6,089 57,848 512 6,089
00671 PIVOT 022 09/30/90 M ALT 7 10 64ria4L 0 9,699 6,466 48,495 537 6,466
00672 PIVOT 121 09/30/90 M ALT 7 10 54x}59 0 7,675 5,117 33,377 431 5,117
00673 PIVOT 020 09/30/90 M ALT 7 10 59'2,6 0 8,289 5,526 41,441 455 5,526
00674 PIVOT $19 09/30/90 M ALT 7 10 0 10,081 6,721 50,405 561 6,721
00865 16 Lysimeters 05/29/91 X SL 7 7 8,035 0 574 1,148 6,313 92 1,148
00906 IRRIG 5TSTEM 923 08/31/91 X SL 7 7 0 6,561 13,121 72,168 1,098 13,121
00907 IRRIC SYSTEM 024 08/31/91 X SL 7 7 9',/as 0 6,549 13,098 72,041 1,086 13,098
00908 IRRIG SYSTEM X25 08/31/91 N SL 7 7 93.,-,5 0 6,557 13,114 72,124 1,091 13,114
00909 IRRIG SYSTEM #26 08/31/91 H SL 7 7 75!,L38 0 5,685 11,370 62,533 942 11,370
00928 IRRIG PIVOT #27 11/30/91 M SL 7 7 1,'-Y,025 O 7,930 15,861 87,234 1,319 15,861
00929 IRRIG PIVOT #28 11/30/91 N SL 7 7 t -,r97 0 10,735 21,471 118,091 1,792 21,471
00930 IRRIG PIVOT X29 11/30/91 X SL 7 7 12e-rL7 0 8,582 17,164 94,401 1,434 17,164
00947 BOOSTER PUMP Q 18 12/15/91 N SL 7 7 (7•4157;7 0 3,304 6,608 36,347 547 6,608
23 00948 BOOSTER PUMP a 7 12/15/91 N SL 7 7 \.� 0 1,677 3,354 18,444 274 3,354
28 • Irrigation Equipment 47/apt4 C-' 2,2447.640 0 470,839 322,910 1,968,861 26,900 322,910
00387 86 CHEY PICKUP 10/30/89 M SL 5 5 600J 0 4,800 1,920 2,880 160 1,920
00378 REFRIGERATED SEMI-TRAILE 11/13/89 M SL 5 5 6 500: 0 3,230 1,300 1,950 112 1,300
1
00399 1981 DCOGE PICKUP 11/08/89 M SL 5 5 11958 0 975 390 585 27 390
00537 1978 CHEV 1/2 ION PICKUP 04/20/90 X ALT 5 5 1}800 0 540 360 900 30 360
00699 1976 CHEVY PICKUP 11/30/90 M ALT 5 5 2)500 0 750 500 1,250 3d 500
00862 1984 CHEVY PICKUP 04/05/91 51 5 5 2$/
M 0 0 280 560 1,960 43 560
00894 1991 CHEV PICKUP 07/03/91 X SL 5 5 16.A22 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
_es
LOCATION 7130 TOTAL 4,890,485 0 830,585 509,902 3,549,998 42,457 507,902
03/09/92 National Farms, Inc_ - 1992 Page 45
DEPRECIATION SCHEDULE BY LGCATION
For the Fiscal Year Through 12/31/92
Sock Schedule
Hatt Hog farm - Shop
Sec179 Prior Tr Current Annual Depr Through
Nc.c1 Description Date Svc Method If Cost Bonus Accuo Dep 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
00369 TRUCX MINT BUILDING 10/31/89 M SC 20 20 1.K6964 0 22,120 8,848 145,996 741 8,843
60370 DISINFECTANT STA BLDG &E 10/31/89 M SL 20 20 481853 0 5,857 2,343 38,653 198 2,343
00438 ELEC TR DISINFECT STATM 12/04/89 M SL 20 20 311535 0 692 277 4,566 24 277
00497 SHOP HEATING & COOLING 02/2S/90 M ALT10 12 . 012 0 252 168 1,592 14 168
00518 DIRT WORK AT SHOP 03/31/90 M ALT75 15 41;204 0 420 280 3,504 27 280
00519 SHOP OFFICE, SHOWER & PR 03/31/90 M ALT20 15 36,350 0 3,835 2,557 31,958 214 2,557
05 - Buildings (1) .76.67652 4- 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
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 SC 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
00344 REFRIGERATOR 10/11/89 H sl 7 7 524 0 187 75 262 9 75
00385 WASHER, DRYER 10/11/89 M 5L 7. 7 A' 812 0 - 290 116 406 6 116
00371 ASSORTED SHOP EQUIPMENT 10/26/89 M SL 7 7�t 5,018 0 1,792 717 2.509 57 717
00392 TOOL CHEST 10/20/89 H SC 7 7 464 0 165 66 233 0 66
I
00406 PRESSURE WASHER 11/22/89 M SL 7 7 \4,176 0 1,492 597 2,057 47 597
00411 SHOP START-UP SUPPLIES 11/15/89 M SL 7 7 .1,455 0 520 208 727 21 208
00416 SAW 12/05/89 H SL 7 7 `530 0 190 76 264 IC 76
00468 PRESSURE WASHER 01/29/90 M ALT 7 10 2,806 0 421 281 2,104 ZS 281
00479 A T & T TELEPHONE & ALER 02/07/90 H ALT 7 10 368"0 53 37 276 4 37
00507 WASHER & DRYER 03/01/90 M ALT 7 5 575'- 0 173 115 257 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 H ALT 7 10 366 C 55 37 274 4 37
00568 DELUXE JOURNEYMAN TORCH 04/27/90 N ALT 7 10 436 ' O 66 44 326 0 44
00585 LUSE SYSTEM 05/04/90 H ALT 7 10 2,769' f1 415 277 2,077 24 277
00603 CKIDATA PRINTER 06/12/90 N ALT 5 5 pc, 283L:4 0 85 57 141 2 57
00604 PRESSURE WASHER 06/09/90 M ALT 7 10 1,185!" 0 178 119 883 9 119
70605 N'DRALIC NOSE MACHINE 06/15/50 M ALT 7 10 979 ' 0 147 98 734 10 98
00826 Burger jack 01/03/91 N SC 7 7 1,751 ,/ 0 125 250 1,376 19 250
00850 Electric Fan 02/13/91 M SL 7 7 1,450 r 0 104 207 1,139 20 207
00893 WIRE WELDER 10/15/91 M SL 7 7 1,888 - 0 135 270 1,483 17 270
20 - Equipment (1) [N 108,9313 0 33,367 14,778 60,792 1,204 14,778
00417 CHEV C30 FLAT BED PICKUP 12/14/89 M SL 7 7 WOO 0 2,107 843 2,950 73 843
00450 1977 INTL WATER TRUCX 01/04/90 M ALT 5 5 16].000 0 4,044 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
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 Far, - Ranch
Sec179 Prior Tr Current Annual Depr Thraegh
NLm Description Date Svc Method LY Cost Bonus Acc m Dep Tear Dep Net Book Cur Per 12/31/92
00010 LAND - 70 & BIG FOOT RAN 06/15/88 Mone 50 2,413,039 0 0 0 2,413,039 0 0
00222 LAND - PETERSON-2400A 06/21/89 None 50 2 850 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
01 - Lard (1) 1,7_4437ar- 0 0 0 2,748,587 0 0
00101 MAIN RESIDENCE 06/15/88 MREALAR LO 46,083 0 5,133 1,152 39,798 96 1,152
00102 HOUSE 06/15/88 MREALAR 40 25,461 0 2,338 637 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 H SL 20 20 203,773 0 33,208 10,189 155,376 850 10,189
00107 TANKS & WELLS 06/15/88 M SL 7 7 132,642 0 75,315 18,949 37,878 1,580 13,949
00108 DITCHES A NEAO SATES 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 15 218,575 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 H SL 1515 19,580 0 4,894 1,305 13,381 106 1,305
00119 2140 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 NCUSE 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 H 5L 7 ,7 67.045 0 58,321 9,578 19,146 800 9,578
00143 BARRED WIRE FENCE 06/15/83 M SC 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 1,473
00145 GARAGE & SHOP 06/15/88 MREALAR 40 2,948 0 329 74 2,545 8 74
00143 MACHINE SHED 06/15/88 N 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 1,356 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 M SL 20 20 . 6,670 0 1,956 334 4,380 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 5C 15 15 1,529 0 255 102 1,172 3 102
00223 MAIN NOSE-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 SC 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 LAHO 06/21/89 M SL 20 20 16,000 0 2,000 800 13,200 63 800
00227 MOBILE HOME - PETTERSON 06/21/89 MREALAR 40 18,000 0 1,144 450 16,406 3Z 450
00228 SHOP - PETERSON LANG 06/21/89 MREALAN 40 10,000 0 635 250 9,115 19 250
00229 POULTRY NOUSE - PETERSON 06/21/89 M SC 20 20 1,000 0 125 50 825 6 50
00230 licco N CORRALS-PETERSON 06/21/89 M SC 15 15 3,000 0 500 200 2,300 13 200
00236 CEDAR FENCING 06/12/89 M SL 15 15 33,768 .0 628 251 2,889 20 251
00714 4 & 5 BARRER WIRE FENCE 11/30/90 M ALT 7 10 52.694 0 7,904 5,269 39,521 440 5,269
05 - Buildings (1) 11.0577114=' 0 371,360 99,538 934,173 8,271 99,538
00106 FENCES 06/15/88 M SC 7 7 128,429 0 73,406 18,347 36,676 1,528 18,347
00113 19 WINDMILLS 06/15/88 N SC 7 7 9,755 0 5,576 1,394 2,785 118 1,394
00126 FEED BUNKS 06/15/88 H SL 7 7 13,730 0 7,846 1,961 3,923 168 1,961
00127 'CATTLE CHUTES 06/15/88 N SL 7 7 660 0 376 94 190 6 94
00129 ELECTRIC WATERERS 06/15/88 H SC 7 7 4,403 0 2,517 629 1,257 57 629
00130 FERTILIZER SPREAOER 06/15/88 N SL 7 7 600 0 344 86 170 9 86
omit comic ore V\T n4,I1C,uu u e, 7 7 44 ant n n CTG q "7 r let •tee - -sae
03/09/92 • National Farms, Inc. - 1992 Page 47
DEPRECIATION SCHEDULE BT LOCATION
For the Fiscal Tear through 12/31/92
Book Schedule
Matt Hog Farm - Ranch
Seci79 Prior Yr Current Annual Depr Through
Nun Description Date Svc Method if Cost Bonus Accun Dep Tear Dep Net Book CUr Per 12131/92
C0146 GRAINER? - CINDER BLOCK 06/15/88 M 5L 7 7 642 0 368 92 182 4 92
00147 FUEL SHORTAGE TANK W/PLOT 06/15/88 M SL 7 7 2,000 0 1,144 286 570 22 286
00149 CORRALS, BUNKS, WATERERS 06/15/88 H SC 7 7 3,240 0 1,852 463 925 34 663
00154 CORRALS, BUNKS, WATERERS 06/15/88 N 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 T4R WATER ST5 • 50 FARM 06/15/88 H 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 leo
00713 ROAD SWEEPER MAGNET 11/05/90 M ALT 7 10 5,680 0 852 568 4,260 51 568
00715 CATTLE TANKS 8 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 N SL 7 7 63,500 0 22,678 9,071 31,751 755 9,071
00945 REPL TANKLFRESH 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
�4
20 - Equipment (1) 390';ST4 F > 0 147,517 52,280 195,017 4,342 52,280
00112 IRRIGATION SYSTEM 06/15/88 H 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 H SL 7 7 24,624 0 14,075 3,518 7,031 295 3,518
00117 IRRIGATION SPRINKLER 06/15/88 M 5L 7 7 39,096 0 22,346 5,585 11,165 470 5,585
00118 IRRIGATION SPRINKLER 06/15/88 H SL 7 7 16,800 0 9.602 2,400 4,798 200 2,400
00123 IRRIGATION SPRINKLER 06/15/88 M 5L 7 7 17,500 0 10,003 2.500 4.997 212 2,500
00134 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 N SL 15 15 184,877 0 63,412 12,325 109,140 1,028 12,325
0014 IRRIGATION SPRINKLER 06/15/88 N SL 7 7 12,000 0 6,853 1,714 3,423 141 1,714
00135 IRRIGATION SPRINKLER 06/15/88 H 51 7 7 8,500 0 4,858 1,214 2,428 103 1,214
00137 IRRIGATION SPRINKLER 06/15/88 N SL 7 7 2,000 0 1,144 286 570 22 286
00133 IRRIGATION WELL & PUMP 06/15/88 M SL 15 15 3,500 0 1,200 233 2,067 24 233
00139 IRRIGATION WELL & PLTP 06/15/83 N SL 15 15 7,000 0 2,402 467 4,131 38 . 467
00140 IRRIGATION WELL & PUMP 06/15/88 M 5L 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 St. 15 15 15,000 . 0 5,145 1,000 8,855 87 1,000
00233 WELL HOUSE #2 06/21/89 N 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 T1 06/21/89 N St 15 15 800 0 133 53 614 9 53
28 - Irrigation Equipment gi �703t.;:e- 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
03/09/92 National Farms, Inc. - 1992 Page 48
DEPRECIATION SCHEDULE BT LOCATION
For the Fiscal Tear through 12/31/92 •
Book Schedule
Ratl Hoy Far= - Adain
5ec179 Prior Tr Current Annual Depr Through
Nua Description Date Svc Method Lf Cast Bonus AccLo pep Tear Oep 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
00226 GRADING & DIRT LARK 08/31/89 X SL 15 15 7,790 0 1,298 519 5,973 46 519
00237 PHONE SYSTEM LINES 03/31/89 MREALAN 40 33,319 0 1,978 833 30,508 74 833
00333 GARAGE - O'HARA HOUSE 09/27/89 MREALAR 40 8,956 0 513 224 8,217 15 224
00349 VINOOWS, DOOR & INSUL D9/27/89 MREALAR 40 2,668 0 153 67 2,448 1 67
00350 GUARD SHAGS 09/30/89 MREALAN 40 7,223 0 415 181 6,627 16 181
00404 INSUL & SIDING 23055 VCR 01/12/90 S/L 27 8,626 0 638 319 7,569 22 319
00464 GARAGE - 24583 WOR 69 01/24/90 S/L 27 1,360 0 96 50 1,214 6 50
00465 SEPTIC TANK 23012 VCR 69 03/31/90 N ALT15 10 2,497 0 375 250 1,872 19 250
00575 PLANTER OUTSIDE OFFICE 05/31/90 M ALT 7 10 1,916 0 285 192 1,436 16 192
05 - Sui(dings (1) 2t74 ''
,0 13,979 6,098 192,787 499 6,098
00164 PRINTING CALCULATOR 02/08/89 X SL 5 5 1831"✓0 9Z 37 54 4 37
00165 LEGAL FILE CABINET • GRA 02/08/89 M SL 7. 7 222 / 0 80 32 110 1- 32
00166 TLC SECT CHAIRS - BURG 02/08/89 M SL 7. 7 222" 0 80 32 110 1- 32
00167 Wu SIDE CHAIRS - BUR 02/08/89 N St 7 7 2707 0, 97 39 134 6 39
00173 ISM COMPUTER & MONITOR 05/01/89 H SL 5 5 5,142y•/- 2,570 1,028 1,544 82 1,028
00174 H-P PRINTER FOR COMPUTER 05/01/89 N St. 5 5 1,356/ 0 673 271 407 18 • 271
00175 COMPUTER FROG - HI PLAIN 02/08/89 H SL 5 5 2-8&9,,c.''OG' 1,000 400 600 37 400
00177 SVINTER ELEC TTPEVRITER 02/23/89 M SL 5 5 565t;'-/L.“.0 283 113 169 14 113
00100-5 REFRIG-FREEZER - OFFICE 05/25/89 M SC 7 7 545 0/ 195 78 272 1 78
i
00186 SHARP CACULATORS - TWO 05/30/89 M SL 5 5 3661: ,o✓0 183 73 110 7 73
C0137 TLC, SECT CHAIRS - RON 05/25/89 M SL 7 7 229 0 82 33 114 0 33
00183 3 BURNER COFFEE HAKER 05/18/89 M SL 7 7 253 / 0 90
36 127 3 36
00189 VINDCV AIR CONDITIONER 05/24/89 M SL 7 7 447' 0 160 64 223 9 64
00190 PC SOFTWARE - SPREADSHEE 05/10/89 M St 5 5 372•T.a14 185 74 111 8 ' 74
00191 WASHER & DRYER 05/23/89 H SL 7 7 582-' 0 208 83 291 6 83
00176 TLo MOBILE PHONE • RADIO 05/05/89 H SL 7 7 y,342'.'_.:.-/0 2,255 906 3,171 70 906
00198 NON FOLDING TABLE 04/15/89 M SL 7 7 , 82✓ 0 30 12 40 1 12
00199 TLo HON FILE CABINETS 04/15/89 H SL 7 7 448.- 0 160 64 224 9 64
00202 DINETTE SET 4/CHAIRS 04/06/89 H St 7 7 762/ 0 272 109 381 10 109
00204 AIR CORO & FURNACE 05/31/89 M St 7 7 2,x.5,%4 a 970 388 1,357 36 388
00209 FIREPROOF FILE CAB-4 DRV 06/15/89 X SC 7 7 5157 .0 185 74 256 8 74
00210 UNISYS COMPUTER 06/19/89 H SL 5 5 2,181''- 0 1,090 436 655 40 436
00211 GOLDSTAR MONITOR 06/19/89 H SC 5 5 691h . 0 345 138 208 6 138
00212 SEAGATE 40MEG HARD DISC 06/19/89 H SL 5 5 649". 0 325 130 194 9 130
00213 INTEL ABOVE BOARD 06/19/89 M SL 5 5 775,1 a 388 155 232 12 155
0021! OKIDATA 132 COL PRINTER 06/19/89 H SL 5 5 69I -'// 0 345 138 208 6 138
00215 MICROSOFT BUS MOUSE 06/19/89 X SL 5 5 . ' 191 ' 0 95 38 58 5 38
00238 FaJR 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 H St 7 7 477! 0 170 68 237 2 68
00243 TLo EXEC CHAIRS 07/06/89 N sr. 7 7 319/ C 115 46 158 2 46
00248 LORD PERFECT/UNISYS NET 07/13/89 M SL 5 5 7-J>≥C .n,0 388 155 232 12 155
00249 TLo SIDE CHAIRS 07/15/89 H SL 7 7 613,-- 0 220 88 305 11 88
00250 .EXECUTIVE CHAIR 07/15/89 M St 7 7 4457 0 160 64 221 9 64
00251 .PRNTR STAND, COVER & TBL 07/15/89 H SC 7 7 413/ 0 147 54 207 4 54
00252 COMPUTER STATIONS • THRE 07/31/89 M St 5 5 9,195 Lm-i4-4/-0 4,598 1,639 2.758 156 1,839
00253 COMPUTER OPER SYSTEM-ELS 07/31/89 H SC 5 5 1,5404t{t O 770 308 462 22 308
.__. -_ _ . . -.. _ -. -
a,-� fa LLS
-
03/99/92 National Fars, Inc. - 1992 Page 50
DEPRECIATION SCHEDULE ST LOCATION
For the Fiscal Tear through 12/31/92
Book Schedule
Nett Hag Farm - Adt,;in
5ec179 Prior Tr Current Annual Depr Through
Win Description Date Svc Method If Cost// Bonus Accao Dep Year Dep Hct Book Cur Per 12/31/92
00420 WEATHER STATION 11/30/89 M SL 5 5 ' 959 0i `4‘10 480 192 287 16 192
00421 RCA TV 12/07/89 M 5l 7 7 379 %.,` 0 135 54 151 1- - 54
00422 RCA VCR 12/07/89 M SL 7 7 530 U.vy✓0 190 76 264 10 76
00423 2 DRAWER LATERAL FILE 12/13/89 M SL 7 7 359 V 0 128 51 180 7 51
00453 FILE CABINET 01/12/90 M ALT 7 10 262 f 0 39 26 197 4 25
00476 THREE PORTABLE RADIOS 01/01/90 M ALT 7 5 ,3,095 .-c 0 929 619 1,547 47 619
00477 EZ LOGGER 01/24/90 N ALT 5 5 488 fJ' 0 87 58 143 3 58
00479 RECA VHS CAMCORDER & ACC 02/01/90 M ALT 5 5 1/1,689 i<'jk-"o 507 338 844 30 338
00420 OKIDATA MICROLINE PAIUTEE 01/01/90 M ALT 5 5 ✓618 4'02 186 124 308 14 124
00501 UNISYS CCRIPUTER Nt:RKS7A7 02/23/90 M ALT 5 5 • ,956 VLt'Q.0 587 391 973 28 391
00502 SHARP CALCULATOR 02/21/90 N ALT 5 5 4/200 (A,-(9--t 60 40 100 7 40
00503 A T & T TELEPHONE 02/15/90 N ALT 5 5 911-Z 0 27 18 46 4- 18
00504 SHARP CALCULATOR 03/02/90 M ALT 5 5 ✓200 ir. - 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 N ALT 7 10 262✓ 0 39 26 197 4 26
00559 PORTABLE RADIOS - 8 03/29/90 K SL 5 5 4,303 U../Z1-4 1,291 861 2,151 69 861
"
005e9 C_OMPUTEER 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 i (] 13 12 88 1 12
00571 16 CHANNEL RADIO 04/13/90 M ALT 5 5 91411701"0 274 183 457 18 183
00526 330M8 SEAGATE/IMPRIMIS H 05/23/90 H ALT 5 5 • 2,408 ( 1... 0 723 482 1,203 42 482
00627 2 SIDE CHAIRS 06/04/90 M ALT 7 10 247x^ 0 37 25 185 3 25
00623 EXTERNAL MODEM 06/12/90 M ALT 5 5 ✓409 !,5tit-'0 123 82 204 5 82
00632 LATERAL FILE CABINET 07/16/90 H ALT 7 10 539✓ 0 81 54 404 54
00640 DESK, CHAIR,& LATERAL FI 07/19/90 M ALT 7 10 473 ✓ 0 71 47 355 3 47
C06,2 11 PORTABLE RADIOS 06/22/90 H ALT 7 10 5,976 k- ' 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 CHARNEL MOBILE RADI 08/03/90 M ALT 7 10 1,328 v''d4 274 183 1,371 18 ' 183
00676 4 DRAWER FILE CABINET 09/30/90 M ALT 7 10 262/r 0 39 25 177 4 . 26
00677 DESK 09/25/90 N ALT 7 10 510 V 0 77 51 332 7 51
00473 COMPUTER WORK STATION 09/07/90 M ALT 7 10 01,906•-2; 0 286 191 1,429 15 191
00697 MERLIN TELEPHONE 10/11/90 M ALT 7 10 323✓ V 57 38 288 5 38
00717 16 CHANNEL RADIO 10/18/90 N ALT 7 10 914 •23"'/0 137 91 686 3 91
00809 Nilson Jones 2000 shredd 02/08/91 H SL 5 5 ,.:S1,700L;•iw0 170 340 1,190 32 340
00825 4 Portable 2 than. radio 01/01/91 H SL 7 7 •a1,c91L;.";i' 0 135 Z70 1,486 17 270
00833 HP 7550A 8 pen plotter 02/04/91 M SL 5 5 3`2,955 qt•!' 0 296 . 591 2,068 52 591
00837 HP Laserjet III 0 printe 02/04/91 M SL 5 5 . 2.747 -. ' 0 275 549 1,923 43 549
00840 2 NU-Wyse 60 Terminals 02/04/91 N SL 5 5 95 190 665 14 190
00841 Tripplito 1200 Watt Batt 02/04/91 K SL 5 5 00 Ln, 0 70 140 490 8 140
00842 Everes Evercaa 2400 Sod 02/04/91 N 5L 5 5 'A50'.,,C,'. 0 25 50 175 6 50
00843 Calculator, File Cabinet' 02/18/91 M SL 7 7 v'/ ,104 0 79 152 867 15 158
00844 Anderson Desk & chair 02/08/91 M SL 7 7 ✓615 0 44 88 483 11 88
00.5.5 9kidaca ml 33 Plcm Print 02112/91 N SL 5 5 .1.050 LS'-c,/ 0 105 210 735 12 210
00846 COMPUTER LORKSTATIoN 04/10/91 K SL 5 5 :.j,434 c.(/'0 143 287 1,004 23 287
00'051 48" Computer Table 03/20/91 M SL 7 7 ✓280 0 20 40 220 7 40
00.63 10 PORTABLE RADIOS 03/13/91 M SL 7 7 •+ 1,034(27-' 0 360 719 3,955 59 719
00864 PIGTAIL TMNL S KEYBOARD 04/08/91 M SL 5 s 481 /...-,(L. 0 48 96 337 8 56
00866 master Feeder Ungrade 05/17/91 M 5L 5 5 1, 750 by,=' 0 73 150 525 7 150
00&24 .FILE Ca91NET 06/21/91 X SL 7 7 , 244 0 17 35 192 2 35
00912 'Sharp Calculator oS-2770 09/20/91 N 5l 5 5 X'200 (et i"0 20 40 140 7 40
00919 XEROX COPIER 11/04/91 N SL 5 5 )Q0,642 (fc.Ir2A 1,064 2,128 7,450 181 2,128
00920 XEROX FAX MACHINE 11/04/91 M SL 5 5 X1,049 !E'j1IO 105 210 734 12 210
154n r_.4/ n A6 172 602 18 172
03/09/92 ' National Farms, Inc. - 1912 Page 51
DEPRECIATION SCHEDULE ST LOCATION
For the Fiscal Tear through 12/31/92 •
Book Schedule
Natl Hog Farm - Aciafn
5ec179 Prior Tr Current Annual Dept Through
Num Drcrfpcion Date Svc Method Lf Cost Bonus Accua Dcp Tcar Dcp Net gook Cur Per 12/31/92
03085 2 OFICE DESKS 05/15/89 M SL 7 7 /577 0 205 82 290 5 82
23 - Office equipnenc 11, 3C1 181,(69 0 57,651 30,123 93,895 2,491 30,123
1 .
00114 JEEP VAGONEER TRUCK-1988 08/31/88 H SL 5 5 22,243 0 20,465 1,778 0 150 1,776
00161 1989 TOYOTA LAHOCRUISER 12/27/88 M SL 5 5 1i9,34 0 15,472 3,868 0 326 3,868
/
001..3 1989 CHEN, PICKUP 4X4 03/28/89 H 1 X5 SL 5 5 41,272 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
00635 1990 01C PICKUP 07/28/90 M ALT 5 5 12,7676 0 3,743 2,495 6,238 207 2,495
00636 1990 040 PICKUP 07/28/90 H ALT 5 5 121,46 0 3,743 2,495 6,238 207 2,495
00664. 1990 0AC PICKUP 10/05/90 M ALT 5 5 g,180\ 0 3,654 2,436 6,090 203 2,436
00895 1983 Dc06E PICKUP 06/15/91 H SL 5 5 9,612 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 4,589 52,987
-� I11D11 fl
• CREEI_Y.COLOZ.DO €0631
NOT IC'c :F (`i CL:•iI Ii A L ?SONE (303)3356-4000, ENT.41<6
75.9.4 ALL " 23 5 63 ESC UPPR RES SOS q
:CLORADO •
25000 < <69 : CR - <WELO
OWNER NATIONAL HOG FAR?IS INC
NATIONAL HOG FARNS _:;C FARC_L 9 9652 30 00002
PIN P C015706
z BILL C HARE
25CC: H c nO 69 YEAR 1992 •
KERSEY CO 8C6.; LOG CC A7
97/07/: 992.
7ha sph.r.sisea o x!ue or,-,racer:y is base= Cr, .-_ crceriete cors(ceret:rn of T4hE a.... oath._.to vo _recui.:^_by law. The Assessor has deterr.7inec
that.your p ooerty s„ould b? inc!;ded in the following cntegory(r.esl:
ALL OTHER FRCP E5 TY INC_UO INC VACANT LAND) IS VALUED SY CONSIDERING THE COST )
..Z2KET3 AND INCOME APPROACHES,
•
•
if your concern is the amount of your property tax, !eel coxing authorities (county, city, fire protection, and other special diet:icte) hold
c!d,et hearings in the foil. Please refer to your _.x bill or ask ycurAssessor for z listing of Mesa districts,end plan to attend these budget hearings.
.. it 1 - c and
,�. '+ue:?vr has c:•-eiuly s- e:ea o�� a•rai'acs u:rermgtior., 5rvi•-,c ssr'xu:zr - `or: ;„ •.. .pacific :.,_. ced on your ; :es: ' has cart.
vaiusdon(si ssig^tic so you: Grote.:Y. The r_?son •for this deter-ir .tier. a: value era:
YCU?. PE:a50 NA PP CPERTY HAS J =ot`; ALV_1>fC _' SUFFICI3.NT .. _?RC_CIA :ON IN
ACCORTheANCE ;4ITH The SASE YEAR CO:CC'_? r AN0 n=CCiinS OED PROCE UReS SET
FORTH IN ASSc5f7 SZ T :IA)IUAL5 Ah '-'.'Ss AA 5_ . AND s: VOL . 2 Pt;JLi SHE?
3Y THE - 1A7- 0 IC' 1. 51: TI OF PROPERTY TAXATION ,
•
•
•
ETI TIOtaER 5 A5S'c5SOR'5 VALUATION
PROPERTY C_ASSi f ICATICt4 _ ESTIMATE ACTUAL VALUE I ACTUAL VALUE
OF VALUE PRICK TO REVIEW AFTER REVIEW
•
•
PEPS ON AL PRC P5 RTY , ! L4) 463s 933 Lr, 68 933
s
•
•
_. CT.ALE S S _f a68 , 9-+-S 14 : A681 9n
•' ..co < 3-gree with toe ,Assessor's coo:slur,. Tor nave ;t right so - -' :o :-s Cn"unrr Ecord of Eaualizzdo.^. for -further consideration,
, Se_se tee tie back of this form tar dctaiizd information on .`nine your scpeal.
C7/1 /92 _
3y: WARREN L. LAS ELL SATE
'NE__ COUNTY ASScS:CR
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