AN ECONOMIC STUDY OF DAIRYING 



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TABLE 12. CHARGES FOR USE OF EQUIPMENT, 2058 Cows, 1002 HEIFERS, AND 172 



HERD BULLS 



Apportionment of cost 



* Depreciation, 19. 2 per cent of average value. 



Interest 



Separate interest charges at 5 per cent were made on the average value 

 of cattle and on the average investment in feed and supplies kept on hand 

 for cattle. As previously indicated, the other interest charges were 

 included under use of pasture, use of buildings, and use of equipment. 



The average value of cows, heifers, and herd bulls was $163,124. Due 

 to averaging each record separately, the value here used is $163,109, 



TABLE 13. 



INTEREST ON AVERAGE VALUE OF 2058 Cows, 1002 HEIFERS, AND 172 

 HERD BULLS 



