Publications > Forest Landowners Guide to the Federal Income Tax, Ag. Handbook No. 718
Table 15-2. Summary of cruise (appraisal) reports for Evergreen Tree Farm and Lonesome Pine forest land purchases
| Description of Assets | Value |
| Evergreen Tree Farm (01/15/93) | |
| 1. 200 acres of average site land @ $400/acre | $80,000 |
| 2. Merchantable pine and mixed hardwood sawtimber on 100 acres* | 217,500 |
| Pine: 400 MBF @ $450/MBF = $180,000 | |
| Hardwood: 250 MBF @ $150/MBF = $37,500 | |
| 3. Pulpwood-pine and mixed hardwood on 40 acres* | 32,800 |
| Pine: 880 cords @ $30/cord = $26,400 | |
| Hardwood: 320 cords @ $20/cord = $6,400 | |
| 4. Young-growth pine averaging 8 years old on 60 acres @ $500/acre | 30,000 |
| 5. Used wooden bridge-90 feet (15-year recovery period with no salvage value) | 18,000 |
| Total estimated fair market value | $378,300 |
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| Lonesome Pine Tree Farm (08/01/98) | |
| 1. 120 acres of fair quality land @ $500/acre | $60,000 |
| 2. Merchantable pine-hardwood sawtimber on 80 acres* | 308,900 |
| Pine: 470 MBF @ $550/MBF = $258,500 | |
| Hardwood: 280 MBF @ $180/MBF = $50,400 | |
| 3. Young-growth pine averaging 5 years old on 40 acres @ $400/acre | 16,000 |
| Total estimated fair market value | $384,900 |
*Submitted by E.Z. Cruiser, Registered Forester No. 424
Table 15-3. Allocation of Evergreen Tree Farm assets to capital accounts
| Account | Fair Market Value (FMV) | Percent of Total FMV | Allocation of Acquisition Cost | Allocation of Purchase Price to Original cost Basis |
| ($) | ($) | ($) | ($) | |
| Land | 80,000 | 21.15 | 1,375 | 58,162 |
| Sawtimber | 217,500 | 57.49 | 3,737 | 158,097 |
| Pulpwood | 32,800 | 8.67 | 564 | 23,843 |
| Young Growth | 30,000 | 7.93 | 515 | 21,808 |
| Bridge | 18,000 | 4.76 | 309 | 13,090 |
| Total | 378,300 | 100.0 | 6,500 | 275,000 |