NCTC FBM - Moorhead                              
                          DEPRECIATION AND OTHER CAPITAL ADJUSTMENTS, 1999                
                    Northland Community and Technical College Farm Business Mgt.          
                                              Moorhead                                    
                                  (Farms sorted by Net Farm Income)                       


                                            Average Of   Average Of   Average Of
                                             All Farms     Low 20%     High 20% 
                                            -----------  -----------  -----------
 Number of Farms                                    72           14           14

 Net operating profit                            96683         7768       242350

 BREEDING LIVESTOCK
   Ending inventory                               1089          143         5457
   Capital sales                                    -            -            - 
   Beginning inventory                            1194         1514         4629
   Capital purchases                                -            -            - 
   Depreciation, capital adj.                     -106        -1371          829

 MACHINERY AND EQUIPMENT
   Ending inventory                             203625       115755       344916
   Capital sales                                  2976           -          7805
   Beginning inventory                          198083       111653       330714
   Capital purchases                             30009        16716        58177
   Depreciation, capital adj.                   -21491       -12614       -36170

 BUILDINGS AND IMPROVEMENTS
   Ending inventory                              30407        27317        45747
   Capital sales                                    35           -            - 
   Beginning inventory                           30144        27660        46753
   Capital purchases                              1076           -            - 
   Depreciation, capital adj.                     -779         -344        -1005

 OTHER CAPITAL ASSETS
   Ending inventory                             226990        96245       288925
   Capital sales                                  9467         1803         2617
   Beginning inventory                          221584        73422       284852
   Capital purchases                             11140        24092         3828
   Depreciation, capital adj.                     3733          534         2862

 Total depreciation, capital adj.               -18642       -13795       -33485

 Net farm income                                 78041        -6027       208865