Publications > Forest Landowners Guide to the Federal Income Tax, Ag. Handbook No. 718
Figure 15-2. Evergreen Tree Farm: Land Account
| Date | Accounts and Explanation | Ref. | Debits | Credits |
| $ | $ | |||
| 06/21/93 | Allocation of Evergreen T.F. purchase cost to land: Red Oaks Tract (see Table 15-3) | 5 | 59,537 | |
| 09/15/98 | Allocation of Lonesome Pine purchase cost to land | 29 | 60,998 | |
| 09/15/98 | Adjusted balance (basis) carried forward | 120,535 |
Figure 15-3. Evergreen Tree Farm: Merchantable Sawtimber Subaccount - Volume Basis*
| Date | Accounts and Explanation | Ref. | Additions | Removals |
| MBF | MBF | |||
| 06/21/93 | Estimated merchantable volume of pine and hardwood sawtimber at date of purchase (see Evergreen T.F. cruise in Table 15-2) | 6b | 650 | |
| 01/02/95 | Growth for 1993-95 (2 years: see cruise report, Table 15-2) | 80 | ||
| 01/02/95 | Adjusted volume carried forward | 730 | ||
| 12/31/95 | Volume removed in sale | 18b | 438 | |
| 12/31/95 | Adjusted volume carried forward | 292 | ||
| 09/15/98 | Estimated volume on Lonesome Pine tract when purchased (see Table 15-2) | 30b | 750 | |
| 09/31/98 | Adjusted volume carried forward | 1,042 |
Figure 15-4. Evergreen Tree Farm: Young-Growth Subaccount
| Date | Accounts and Explanations | Ref. | Debits | Credits |
| $ | $ | |||
| 06/21/93 | Allocation of Evergreen Tree Farm purchase cost to young growth (60 acres of pine, see Table 15-3) | 8 | 22,323 | |
| 09/15/98 | Allocation of Lonesome Pine purchase cost to young growth (40 acres, see Table 15-3) | 31 | 16,256 | |
| 09/31/98 | Transfer young growth to Merchantable Pulpwood Subaccount (value); volume estimated (cruised) to be 1,350 cords by E.Z. Cruiser | 32 | 22,323 | |
| 09/31/98 | Adjusted balance carried forward | 16,256 | ||
| 12/31/98 | Election to capitalize carrying costs, proportional allocation | 37 | 602 | |
| 12/31/98 | Adjusted balance carried forward | 16,858 |