Columns A through G are used to enter your current situation/information and estimate the total income and expenses,

per head,
for your current operation. Columns J through AD are used to enter information about how you plan to expand or contract your
herd size due to drought or the cattle cycle. This spreadsheet allows you to analyze changes in herd size through 1) holding
additional replacement heifers each year, 2) purchasing replacements in one or more years or, 3) selling breeding animals to
reduce herd size or 4) a combination of these activities. The user must carefully work through the herd size numbers in rows
25 through 35, columns L through AD to make sure that the changes in breeding herd numbers matches the planned response for
the operation. The analysis period is 15 years and at some point before the end of the 15 years, you should see a stable number of
breeding animals, row 25. Information in the rows for columns J through AD are spreadout. This is due the summary nature of
results calcualted in these columns. The rows in these columns are placed to match the row in the base year information, columns
A through G. A condensed version of the results in columns J through AD are shown on the Summary tab.

Columns AI through BH are used to calculate amortized loan payments and depreciation on purchased replacements and bulls that
will be required with changes in the breeding herd size. Loan payments for purchased replacements are amortized over a period of
years that can be entered by the user, column AN. Deprecation can also be taken over period of years sepecified by the user,
including additional first year deprecation. Depreciation tables for the MACRS depreciation method are included on the
DepreciationTables tab of this spreadsheet.

As herd size changes, the number of bulls are adjusted automatically based on the number of cows per bull specified by the user.

As the breeding herd size grows, information in columns J through AD, in rows 50 through 275, show the affects of changing
herd size on revenue and expense, the impacts of financing the purchase of additional cows and bulls, if restocking is carried out,
at least in part, by purchasing breeding animals and 4) the net present value calculations for the analysis period.

It is important to note that this spreadsheet assumes you are matching livestock numbers with the availability of hay and
grazing from the resource base. It can not be used to analyze general growth plans through the purchase or sale of assets from
the cow calf enterprise, like land, machinery, etc. The only exception to this would be an operation that already owns more hay
and pasture capacity than required by their current breeding herd.

Each individuals situation will be fairly unique. This spreadsheet was designed to allow as much flexibility as possible, but by no
means will it handle every possible situation. It is strongly encouraged that you read the help messages provided during data
entry. Help messages can be viewed by moving the mouse over the top of a cell which has a red triangle in the upper right corner.

Print macros are available on the Marcos tab.

otal income and expenses, per head,
ou plan to expand or contract your
in herd size through 1) holding
r, 3) selling breeding animals to
ugh the herd size numbers in rows
bers matches the planned response for
rs, you should see a stable number of
This is due the summary nature of
in the base year information, columns
Summary tab.

purchased replacements and bulls that

ements are amortized over a period of
d of years sepecified by the user,
method are included on the

cows per bull specified by the user.

275, show the affects of changing

and bulls, if restocking is carried out,
he analysis period.

with the availability of hay and

h the purchase or sale of assets from
eration that already owns more hay

much flexibility as possible, but by no

p messages provided during data
red triangle in the upper right corner.
 Net Market
Quantity Weight
Steer Calves 85 625
Heifer Calves 55 575
Cull Cow Sales, Adjusted for Death Loss 25 1300
Cull Replacement Heifer Sales, Adjusted for Death Loss 4 900
Cull Bull Sales 2 1800
Other Income (Semen, etc….) 0 0
Totals 171
Total Pounds Produced From Calves

Replacement Heifers Quantity Weight

Purchased Replacement Heifers 0 0
Raised Replacements Non-Cash Adjustments to the "Cash" Value of Production
Transfer of Raised Rep. Heifer. To Breeding 25 530
Death Loss of Replacement Heifers 0 700
Total Revenue (Calf & Non-Calf, Cash and Non-

Weighted Average Sale Price of Steers and Heifers $128.13 Weighted averages are based on the calves that are actually sold
Weighted Average Sales Weight of Steers and Heifers 605.4 included in this calculation.
Weighted Average Sales Weight of Steers and Heifers based on cows at the beginning of the breeding season
 Optimal herd size for this operation 300
Cost per ton to swath, bale and stack hay put up on the operation $45
Percent of Hay Production Sold if Herd Reduced and Operation Leased 0%
Dollars per AUM of leased grazing $15
Percent of AUMs used in the current operation leased 0%
Income generated from alternative activities if some or all of the livestock are sold $0
Discount Rate Used to adjust to Net Present Value (NPV) 5.0%
Your combined State and Federal Marginal Tax Rate 0.0%
Tax Adjusted Discount Factor 5.0%
Base Year 2005

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
% Financed Base Year = Yr 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15
Estimated avg. purchase price per head for purchased replacements $1,200 80%
Estimated average purchase price per head for Bulls $2,500 75%
Expected Interest Rate for Short Term Breeding Livestock Loans 7.0%

Inventory-Beginning Breeding Season:Cows & 1st Calf Hfrs 200 199 200 200 200 200 200 200 200 200 200 200 200 200 200 200
Number of NonCull Breeding Animals Sold, If Any, Sales Assumed as Bred But Not With Calf 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Expected Cull Rate Based on Breeding Stock @ Beginning of Breeding Seaso 12.6% 13% 13% 13% 13% 13% 13% 13% 13% 13% 13% 13% 13% 13% 13% 13%
Replacement Heifers Needed At Expected Cull Rate 26 26 26 26 26 26 26 26 26 26 26 26 26 26 26 26
+ Raised Weaned Heifers Kept for Replacements/Expansion 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30
+ Purchased Bred Hfrs for Replacement/Expansion 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
- Death Loss Replacement Heifers 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
- Excess Rep. Hfrs That will be sold 4 2 3 3 3 3 3 3 3 3 3 3 3 3 3 3
- Death Loss Breeding Cows 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
- Cull Cow Sales, After Death Loss 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25
= Inventory - Beginning of Next Breeding Season 199 200 200 200 200 200 200 200 200 200 200 200 200 200 200 200

Bulls on hand January 1st 6 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5

Bulls Purchased During the year 2 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3
Change in Number of Bulls Relative to the Base Year 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Steer Calves Available to Sell 85 84 85 85 85 85 85 85 85 85 85 85 85 85 85 85
Heifer Calves Available to Sell 55 54 55 55 55 55 55 55 55 55 55 55 55 55 55 55
Price Adjustment Pattern (Enter as a Percent of Base Year Prices) 94.59% 87.81% 83.66% 79.61% 75.22% 71.21% 69.56% 70.36% 72.34% 75.06% 77.00% 80.00% 85.00% 88.00% 95.00%

Total Steer Revenue 69,063 64,846 60,500 57,641 54,846 51,827 49,061 47,924 48,475 49,841 51,712 53,050 55,117 58,562 60,629 65,452
Total Heifer Revenue 39,531 36,967 34,584 32,950 31,353 29,627 28,045 27,396 27,711 28,492 29,561 30,326 31,507 33,477 34,658 37,415
Total Cull Cow Revenue 17,928 16,909 15,696 14,955 14,230 13,446 12,729 12,434 12,577 12,931 13,417 13,764 14,300 15,194 15,730 16,981
Total Cull Replacement Revenue 3,600 1,703 2,371 2,259 2,149 2,031 1,923 1,878 1,900 1,953 2,027 2,079 2,160 2,295 2,376 2,565
Total Cull Bull Revenue 1,980 2,809 2,608 2,485 2,364 2,234 2,115 2,066 2,090 2,149 2,229 2,287 2,376 2,525 2,614 2,822
Total Other Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Interest Income From Current year Liquidations 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total All Inflation Adjusted Revenue 132,102 123,233 115,759 110,290 104,942 99,166 93,872 91,698 92,752 95,366 98,946 101,506 105,460 112,052 116,007 125,234
Total Revenue From Calf Sales 108,594 101,812 95,084 90,592 86,199 81,454 77,106 75,320 76,186 78,333 81,274 83,376 86,624 92,038 95,287 102,867
Total Returns Per Head 661 619 579 551 525 496 469 458 464 477 495 508 527 560 580 626
Current Year Principal From Breeding Livestock Sales 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Accumulated principal from breeding livestock sales, adjusted for purchases 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales Principal Used for Breeding Herd Rebuilding/replacements (excludes bulls) 0 0 0 0 0 0 0 0 0 0 0 0 0 0

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Base Year = Yr 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15
Total Feed Cost for Breeding Cows 30,780 31,545 32,655 33,634 34,643 35,682 36,753 37,856 38,991 40,161 41,366 42,607 43,885 45,201 46,558 47,954
Total Feed Cost for Replacement Heifers 3,492 3,597 3,705 3,816 3,930 4,048 4,170 4,295 4,424 4,556 4,693 4,834 4,979 5,128 5,282 5,440
Total Feed Cost for Bulls 1,148 986 1,015 1,046 1,077 1,109 1,143 1,177 1,212 1,249 1,286 1,325 1,364 1,405 1,448 1,491
Subtotal: Feed Costs, Cows + Hfrs in Develo 35,420 36,127 37,374 38,496 39,651 40,840 42,065 43,327 44,627 45,966 47,345 48,765 50,228 51,735 53,287 54,886
Vet and Medicine: Cows & 1st Calf Heifers 1,000 1,025 1,061 1,093 1,126 1,159 1,194 1,230 1,267 1,305 1,344 1,384 1,426 1,469 1,513 1,558
Replacements Heifers 240 247 255 262 270 278 287 295 304 313 323 332 342 352 363 374
Bulls 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Marketing Costs: Cows & 1st Calf Heifers 2,400 2,460 2,546 2,623 2,701 2,782 2,866 2,952 3,040 3,131 3,225 3,322 3,422 3,524 3,630 3,739
Replacements Heifers 300 309 318 328 338 348 358 369 380 391 403 415 428 441 454 467
Bulls 120 124 127 131 135 139 143 148 152 157 161 166 171 176 182 187
Machinery & Vehicles: Fuel, Oil, Lub 2,250 2,306 2,387 2,459 2,532 2,608 2,687 2,767 2,850 2,936 3,024 3,115 3,208 3,304 3,403 3,505
Repairs 2,000 2,050 2,122 2,185 2,251 2,319 2,388 2,460 2,534 2,610 2,688 2,768 2,852 2,937 3,025 3,116
Repairs and MaintenancFences 1,000 1,025 1,061 1,093 1,126 1,159 1,194 1,230 1,267 1,305 1,344 1,384 1,426 1,469 1,513 1,558
Corrals 500 512 530 546 563 580 597 615 633 652 672 692 713 734 756 779
Buildings 300 307 318 328 338 348 358 369 380 391 403 415 428 441 454 467
Water Facilities 700 717 743 765 788 811 836 861 887 913 941 969 998 1,028 1,059 1,091
Livestock Hauling (Not Related to Marketing) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dues, Subscriptions, Legal, Check Off, etc. 450 461 477 492 506 522 537 553 570 587 605 623 642 661 681 701
Hired Labor 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Utilities 1,450 1,486 1,538 1,584 1,632 1,681 1,731 1,783 1,837 1,892 1,949 2,007 2,067 2,129 2,193 2,259
Supplies 500 512 530 546 563 580 597 615 633 652 672 692 713 734 756 779
Other 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Subtotal: Care, Handling, Haying Cost $13,210 $13,542 $14,014 $14,435 $14,868 $15,314 $15,773 $16,247 $16,734 $17,236 $17,753 $18,286 $18,834 $19,399 $19,981 $20,581
Total Interest on Operating Costs 1,945 1,994 2,064 2,126 2,189 2,255 2,323 2,392 2,464 2,538 2,614 2,693 2,773 2,857 2,942 3,031
Cash Interest on Purchased Replacements & Bulls 372 602 700 664 629 596 573 566 573 590 608 629 660 689 732
Total Cash Operating Exp., Inflation Adj. $50,576 $52,035 $54,055 $55,756 $57,371 $59,039 $60,757 $62,539 $64,391 $66,313 $68,303 $70,352 $72,465 $74,651 $76,900 $79,229
Total Cash Operating Costs Per Head $252.88 $261.48 $270.27 $278.78 $286.86 $295.19 $303.79 $312.69 $321.95 $331.57 $341.51 $351.76 $362.32 $373.25 $384.50 $396.14
Each year of this summary uses inflation adjusted income and expense estimates. The inflation adjustments are made based on data you entered earlier in this spreadsheet.
Net Returns Above Cash Operating Expense 81,526 71,198 61,704 54,534 47,571 40,127 33,115 29,159 28,362 29,053 30,643 31,154 32,995 37,401 39,107 46,005
Net Returns/Head Above Operating Expense $408 $358 $309 $273 $238 $201 $166 $146 $142 $145 $153 $156 $165 $187 $196 $230

Machinery and Equipment

Machinery, Equipment and Vehicle Depreciation 3,705 3,705 3,705 3,705 3,705 3,705 3,705 3,705 3,705 3,705 3,705 3,705 3,705 3,705 3,705 3,705
Interest, Personal Property Tax and Insurance 1,415 1,415 1,415 1,415 1,415 1,415 1,415 1,415 1,415 1,415 1,415 1,415 1,415 1,415 1,415 1,415
Buildings and Improvements
Depreciation on Buildings and Improvements 797 797 797 797 797 797 797 797 797 797 797 797 797 797 797 797
Interest, Personal Property Tax and Insurance 2,680 2,680 2,680 2,680 2,680 2,680 2,680 2,680 2,680 2,680 2,680 2,680 2,680 2,680 2,680 2,680
Owned Land
Interest, Personal Property Tax and Insurance 51,050 51,050 51,050 51,050 51,050 51,050 51,050 51,050 51,050 51,050 51,050 51,050 51,050 51,050 51,050 51,050
Livestock Breeding Herd
Depreciation: Purchased Livestock, Base Year 693 693 693 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation: Purchased Bulls, Cows & Hfrs in plan 3,104 4,877 6,371 6,245 5,922 5,612 5,382 5,287 5,329 5,471 5,631 5,826 6,096 6,361 6,755
Interest, Personal Property Tax 7,000 6,546 6,332 6,218 6,237 6,255 6,282 6,309 6,324 6,327 6,318 6,312 6,311 6,292 6,291 5,868

Total Ownership costs $67,340 $69,990 $71,549 $72,236 $72,129 $71,824 $71,541 $71,337 $71,258 $71,303 $71,435 $71,590 $71,784 $72,035 $72,298 $72,269
Total Ownership Costs Per Head (or just total if no cows) $337 $352 $358 $361 $361 $359 $358 $357 $356 $357 $357 $358 $359 $360 $361 $361
Total Cost Operating + Ownership $117,916 $122,025 $125,604 $127,993 $129,500 $130,863 $132,298 $133,876 $135,649 $137,616 $139,738 $141,941 $144,249 $146,686 $149,198 $151,498

Net Returns Above Operating + Ownership Expenses 14,186 1,208 -9,845 -17,702 -24,558 -31,697 -38,426 -42,178 -42,896 -42,250 -40,792 -40,436 -38,788 -34,634 -33,192 -26,264
Net Returns/Head Above Operating + Ownership Expenses 71 6 -49 -89 -123 -158 -192 -211 -214 -211 -204 -202 -194 -173 -166 -131

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Base Year = Yr 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15

Additional Cash Outflows that are not included anywhere in the analysis above. Principal payments and cash used to by capital assets, like breeding livestock, are not considered "expenses."
Cash Principal on Purchased Replacements, if any 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash Principal on Purchased Bulls 1,655 3,307 5,003 4,718 4,482 4,249 4,057 3,960 3,976 4,077 4,202 4,345 4,527 4,734 5,012
Cash from operation for % of Heifers not financed 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash from operation for % of Bulls not financed 1,774 1,646 1,569 1,493 1,410 1,335 1,304 1,319 1,356 1,407 1,444 1,500 1,594 1,650 1,781
Subtotal Added Cash Outflows From Financing 3,429 4,954 6,571 6,211 5,893 5,584 5,361 5,279 5,333 5,484 5,645 5,845 6,121 6,384 6,794
Net Returns Above Operating Expenses + added cash outflows 67,769 56,750 47,962 41,360 34,234 27,531 23,798 23,082 23,720 25,159 25,509 27,151 31,280 32,723 39,212
Net Returns Above Operating + Ownership + added cash outflows -2,220 -14,799 -24,274 -30,769 -37,590 -44,010 -47,539 -48,175 -47,583 -46,276 -46,081 -44,633 -40,755 -39,575 -33,058

Income and Expense Estimates 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Selected values from each year of this analysis are discounted to the present using the discount factor calculated above. Discounting converts the value of dollars in the future to current dollars, i.e. Net Present Value (NPV)
NPV of Revenue 132,102 117,365 104,997 95,273 86,336 77,699 70,049 65,168 62,778 61,474 60,744 59,348 58,724 59,423 58,591 60,240
Cumulative NPV of Revenue 249,466 354,463 449,736 536,072 613,771 683,820 748,988 811,767 873,241 933,985 993,333 1,052,058 1,111,481 1,170,072 1,230,312

NPV of Cash Operating Exp. 50,576 49,557 49,029 48,165 47,200 46,258 45,338 44,445 43,582 42,746 41,932 41,133 40,351 39,589 38,840 38,110
NPV of Net Returns Above Cash Operating 81,526 67,808 55,968 47,108 39,137 31,441 24,711 20,723 19,196 18,728 18,812 18,215 18,373 19,835 19,751 22,129
Cumulative NPV Net Returns above Operating Exp. $149,334 $205,301 $252,409 $291,546 $322,987 $347,698 $368,420 $387,617 $406,344 $425,157 $443,372 $461,745 $481,580 $501,331 $523,460

NPV of Operating + Total Ownership Expense (T.I.D.I.) 117,916 116,214 113,927 110,565 106,540 102,534 98,723 95,143 91,812 88,708 85,787 82,990 80,323 77,791 75,355 72,873
NPV Net Returns above Operating + Total Ownership Expenses 14,186 1,151 -8,930 -15,292 -20,204 -24,835 -28,674 -29,975 -29,034 -27,235 -25,043 -23,642 -21,599 -18,367 -16,764 -12,633
Cumulative NPV Net Returns above Operating + Total Ownership Expenses 15,337 6,407 -8,885 -29,089 -53,925 -82,599 -112,574 -141,608 -168,842 -193,885 -217,527 -239,126 -257,493 -274,257 -286,890

NPV of Operating + Ownership + Added Cash Outflows 117,916 119,479 118,420 116,242 111,650 107,152 102,890 98,953 95,385 92,146 89,154 86,291 83,578 81,037 78,579 76,141
NPV Net Returns above Operating + Ownership Exp. + Added Cash Outflows 14,186 -2,115 -13,423 -20,969 -25,314 -29,453 -32,841 -33,785 -32,607 -30,672 -28,410 -26,943 -24,853 -21,613 -19,988 -15,901
Cumulative NPV Net Returns above Operating + Ownership + Added Cash Outflows 12,071 -1,352 -22,320 -47,634 -77,087 -109,928 -143,713 -176,320 -206,992 -235,402 -262,345 -287,198 -308,811 -328,800 -344,701

Year 2015 Year 2020

Total Revenue $933,985 ###
Net Returns above Operating Exp. $425,157 $523,460
Net Returns above Operating + Ownership Expenses -$193,885 -$286,890
Net Returns above Operating + Ownership + Added Cash Outflows -$235,402 -$344,701

Per Head Income, Expense, Cash Flow Estimates (NPV) 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Total Returns Per Head $660.51 $589.77 $524.99 $476.36 $431.68 $388.49 $350.25 $325.84 $313.89 $307.37 $303.72 $296.74 $293.62 $297.12 $292.96 $301.20
Total Cash Operating Costs Per Head $252.88 $249.03 $245.15 $240.82 $236.00 $231.29 $226.69 $222.23 $217.91 $213.73 $209.66 $205.67 $201.76 $197.94 $194.20 $190.55
Returns/Hd Above Operating Exp. $407.63 $340.74 $279.84 $235.54 $195.68 $157.20 $123.55 $103.61 $95.98 $93.64 $94.06 $91.08 $91.87 $99.17 $98.76 $110.65
Cash Ownership Costs/Hd (Taxes and Insurance-Ownership) $65.00 $62.22 $58.96 $56.15 $53.48 $50.93 $48.50 $46.19 $43.99 $41.90 $39.90 $38.00 $36.19 $34.47 $32.83 $31.27
Returns/Hd Above Operating, Taxes, Insurance $342.63 $278.53 $220.88 $179.39 $142.21 $106.27 $75.05 $57.42 $51.99 $51.74 $54.16 $53.07 $55.67 $64.70 $65.93 $79.38
NonCash Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation and Opportunity Cost on Investment--Ownership $271.70 $272.74 $265.53 $255.85 $243.23 $230.45 $218.42 $207.30 $197.16 $187.91 $179.37 $171.28 $163.66 $156.54 $149.75 $142.55
Returns/Hd Above Operating + Total Ownership Expenses $70.93 $5.78 ($44.65) ($76.46) ($101.02) ($124.18) ($143.37) ($149.87) ($145.17) ($136.17) ($125.21) ($118.21) ($107.99) ($91.84) ($83.82) ($63.17)
Additional Cash Flow Considerations $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Cash Outflows/head-Principal Payments (Not Expenses) $16.41 $22.47 $28.38 $25.55 $23.09 $20.83 $19.05 $17.87 $17.19 $16.83 $16.50 $16.27 $16.23 $16.12 $16.34
Returns/Hd Above Cash (Operating+Ownership+Principal) $262.12 $198.41 $151.01 $116.66 $83.19 $54.22 $38.37 $34.12 $34.55 $37.32 $36.57 $39.40 $48.47 $49.81 $63.04
Deprecation schedules for capital assets can vary termendously by individual and the type of capital asset
being depreciated. To help with entering deprecation precentages on the CowCalf tab of this spreadsheet,
some common tables for different time periods are listed below. Please ask your tax accountant for more
detailed information, if desired.

Common depreciation tables the IRS provides to calculate depreciation for capital assets.
Tables are taken from IRS publication 946, for the 2003 tax year. Check for updates to these schedules
at the IRS web site http://www.irs.gov or with your tax accountant. Numbers in the table are the
percent taken on the original depreciable balance, after section 179 and other special first year depreciatio
for a given year.

Table A-14. MACRS, GDS 150% Declining Balance Method, Half-Year Convention
Can be used for property placed in service during any month of the year.
Recovery periods in years
Year 3 5 7
1 25.00 15.00 10.71
2 37.50 25.50 19.13
3 25.00 17.85 15.03
4 12.50 16.66 12.25
5 16.66 12.25
6 8.33 12.25
7 12.25
8 6.13

Table A-15. MACRS, GDS 150% Declining Balance Method

Mid-Quarter Convention
Property Placed in Service in First Quarter

Year Recovery periods in years

3 5 7
1 43.75 26.25 18.75
2 28.13 22.13 17.41
3 25.00 16.52 13.68
4 3.12 16.52 12.16
5 16.52 12.16
6 2.06 12.16
7 12.16
8 1.52

Table A-16. MACRS, GDS 150% Declining Balance Method

 Mid-Quarter Convention
Property Placed in Service in Second Quarter

Year Recovery periods in years

3 5 7
1 31.25 18.75 13.39
2 34.38 24.38 18.56
3 25.00 17.06 14.58
4 9.37 16.76 12.22
5 16.76 12.22
6 6.29 12.22
7 12.23
8 4.58

Table A-17. MACRS, GDS 150% Declining Balance Method

Mid-Quarter Convention
Property Placed in Service in Third Quarter

Year Recovery periods in years

3 5 7
1 18.75 11.25 8.04
2 40.63 26.63 19.71
3 25.00 18.64 15.48
4 15.62 16.56 12.27
5 16.57 12.28
6 10.35 12.27
7 12.28
8 7.67

Table A-18. MACRS, GDS 150% Declining Balance Method

Mid-Quarter Convention
Property Placed in Service in Fourth Quarter

Year Recovery periods in years

3 5 7
1 6.25 3.75 2.68
2 46.88 28.88 20.85
3 25.00 20.21 16.39
4 21.87 16.40 12.87
5 16.41 12.18
6 14.35 12.18
7 12.19
8 10.66
 ual and the type of capital asset
CowCalf tab of this spreadsheet,
sk your tax accountant for more

r capital assets.
for updates to these schedules
bers in the table are the
her special first year depreciation,