HOW TO ESTIMATE PROFITS 



orchard. This is at the rate of $500 an acre 

 for the orchard itself. 



In order to bring out some of the phases 

 of the inventory more clearly the following 

 classification of items is given below: 



INVENTORY 



A. PLANT. 



The real estate, 200 acres at $60 per acre. 

 The live stock. 



Work horses and breeding stock. 

 Machinery. 



B. MATERIALS. 



Seeds, potatoes, oats, maize, wheat. 



Feed, hay for cattle and sheep, silage for cows, maize for 



pigs. 



Growing wheat, 8 acres at $6 per acre. 

 Live stock, calves, lambs and pigs. 



C. SUPPLIES. 



Hay and oats for horses. 

 Money for current expenses. 



In estimating the inventory at the end of 

 the year, a deduction should be made for the 

 decrease in the value of the live stock under 

 the plant and also for the machinery. Per- 

 haps 5% f r tne li ye stock and 10% for the 

 machinery and tools will be a fair deduc- 

 tion. Under materials and supplies those 



