(Continued from P.ge D 8)
Whether you want a fixed chamber round baler with
rollers or one with a variable chamber belt design
Gehl is the only company that offers the choice
that best matches your operating conditions
First consider your needs
Depending on the type of baling you do a Gehl
variable chamber baler may be your better buy It
allows you to control the size and density of the bale
core and the density of the outer wrap to build a
bale thats just right for your crop and storage
conditions And the Gehl variable chamber baler
requires less horsepower to operate
Stretch your equipment purchase
dollars with Gehl Finance. Talk to
your participating Gehl dealer
about one of our current pro
grams:
i nun rc trctions nay =iP()iv c >ee your participating Gehl dealer
'i. rn(jipie del iii Gphl Finance reserves the right to interpret
i o i fy O' cancel these programs at my time without prior notice
r i F mme s not available m ill states oi provinces
GUTSHALL’S INC.
Loyavllla, PA
717-789-4343
SYSTEMA FEED SERVICE
Suassx, N.J.
201-875-5449
PEOPLE’S
SALES & SERVICE
Oakland Mills, PA
717-463-2735
A.L. HERR & BRO.
Quarryvllla, PA
717-786-3521
ARNETT’S GARAGE
Hagarstown, MD
301-733-0515
Gehl has the best
of both...
fixed and variable
Investing today in the future of agriculture
Flexible
SEE YOUR LOCAL DEALER
BENNETT
MACHINE CO.
Milford, DE
302-422-4837
NICHOLS FARM
EQUIPMENT
Bloomsburg, PA
717-784-7731
STOUFFER BROS.
INC.
Chambarsburg, PA
717-263-8424
GEO. W. KINSMAN, MILLER EQUIPMENT
INC. CO.
Honasdala, PA Baehtslavllla, PA
717-253-3440 215-845-2911
If you re looking for extra easy operation the Gehl
fixed chamber roller baler cant be beat It does a
great job in any crop including grass and residues
such as corn stalks and straw And its simple to
operate
Then compare the choices
Tell us your needs Weve got the round baler to
match Two variable chamber models and two fixed
chamber models produce bale sizes to fit your
operation See them today at your Gehl dealer Gehl
Company West Bend Wisconsin 53095
GEHL
Waiver of Finance
on Mix-Alls, manure
spreaders and skid
loaders to May 1, 1988,
on hay & forage
equipment to
July 1, 1988*
A Division of Gehi* Company
LEBANON VALLEY
IMPLEMENT CO., INC.
Richland, PA
717-866-7518
UMBERGER’S
OF FONTANA
Labanon, PA
717-867-5161
ECKROTH BROS.
FARM EQUIPMENT
Ntw Ringgold, PA
717-943-2131
annual installments of $4,000 plus
interest. The buyer assumes no
mortgage, so the contract price is
the same as the selling price. The
adjusted basis of the machinery is
$8,400. The difference between
the adjusted basis and the cost is
due to cost recovery (depreciation)
deductions of $11,600.
Gain on the sale is $3,600; this is
a section 1245 gain and is taxed as
ordinary income. The entire gain
must be reported and is taxed in
year one of the installment period.
12 month term
24 month term
36 month term
48 month term
OR
BINKLEY & HURST
BROS.
Lltltz, PA
717-626-4705
PETERMAN FARM
EQUIPMENT, INC.
Carlisle, PA
717-240-5338
HINES EQUIPMENT
Crasson, PA
814-886-4183
Bsllwood
814-742-8171
ELDER SALES
& SERVICE, INC.
Stonsboro, PA
412-376-3740
The basis (undepreciated cost of
the machinery), is adjusted in the
amount of $3,600. Therefore, the
adjusted basis is $8,400 plus
$3,600 or $12,000. This amount
equals the sale price, so profit
received after the basis adjustment
is zero. There is no taxable gain as
additional annual installments are
received in years two and three.
When there is no section 1245
gain to report (as would be the case
'987 Gehl Company
Low APR*
0%
7.9%
8.9%
9.9%
SPRINGS
EQUIPMENT, INC.
Springs, PA
814-662-2222
D.W. OGG
EQUIPMENT CO.
Main Location
Frederick, MD
301-473-4250
301-293-2033
Taylorsville, Md.
(Bob’s Welding)
301-829-2042
Lancaster Farming Saturday, February 13, 1988-D9
if the asset were not depreciated),
the approach is somewhat diffe
rent For example, assume that
land is sold for $12,000 and pay
ment includes three installment
payments of $4,000 plus interest
The contract price equals the sale
price and the buyer assumes no
mortgage. The adjusted basis of
the land is $8,400. The gross profit
percentage (the ratio of gross profit
to the contract price) is $3,600
divided by $12,000, or 30 percent
The share of each $4,000 payment
to be reported as gain is $4,000
times 0.30 or $1,200.
In the absence of an installment
sale, the transaction described
above would have produced gain
of $3,600 in one year. The install
ment method spreads the gain over
three years, permitting maximum
use of the standard deduction and
personal exemption to offset
income and reduce the resulting
tax obligation.
Cargill To Award
Scholarships
MARIETTA One hundred
and fifty high school seniors from
farm families throughout the
United States will be awarded
$l,OOO college scholarships this
spring by the Cargill Scholarship
Program for Rural America. This
program, now in its third year, is
designed to recognize and encour
age academic achievement,
accomplishments and talents of
young people from U.S. farm fam
ilies and to help them get started
with their post-secondary educa
tions. The sponsoring Cargill
Foundation is a philanthropic arm
of Cargill, a Minneapolis-based
agribusiness company.
To qualify, students must have
plans for full-time enrollment this
year at an accredited two or four
year college, university, or
vocational-technical school. An
independent national scholarship
service organization manages the
selection process, which is based
on several criteria including
academic records, leadership and
extra-curricular accomplishments.
Scholarships are limited to two
per community. Local high
schools and Cargill offices have
further information and applica
tion forms. Children of Cargill
employees are not eligible.
Wortiai
(lilt
Or Display
ESHLAND Wood GQri
• Eliminates Creosote Build-up
• Lower Fuel Consumption
• 84% Wood, 85% Oil Efficiency
• Available in sizes from 80,000 to
500,000 BTU/hr with auto, oil backup.
By using dense refractory material, com
plete combustion occurs at temperatures
exceeding 2000*F No smoko... No creo
sote build-up!
ALTERNATIVE ENERGY SYSTEMS
Allen Lawyer
504 E. Main St., New Holland, PA 17557
PH: 717-354-0412
★ FREE HEATING SURVEY A ESTIMATE ★