TABLE 3.--Average Capital Invested in Citrus Picking and Hauling Equipment, 22 Firms,
 1956-57a

 Average per firm Average per 1,q00 Percent of
 Class boxes handled0 total
 Cost Book Cost Book Cost Book
 value vclue value

Land and buildings $ 14,401 $10,414 $ 17.26 $12.48 10.6 15.8
Autos, trucks, trailers 98,051 37,363 131.37 50.06 71.9 56.9
Boxes, ladders, field equip. 21,135 16,406 26.15 20.30 15.5 25.0
Office equipment 2,744 1,494 3.91 2.13 2.0 2.3
 Total $136,331 $65,677 $178.69 $84.97 100.0 100.0


 aValue of some assets not always completely obtained. Land and buildings and office
equipment were frequently included in packinghouse assets for fresh fruit packers. Boxes and
ladders were often not carried on the books as an asset.
 bLargest volume handled, either picking or hauling. Average volume per firm
746,357 boxes.


handled. Of this 15.8 percent was in land and buildings, 56.9 percent in automotive

equipment, 25.0 percent in boxes, ladders, loaders and other miscellaneous equipment,

and 2.3 percent was in office furniture and equipment. The original cost of the total

investment averaged $136,331 per firm and was about 52 percent depreciated. On the

basis of book value, the total investment per 1,000 boxes was slightly higher for the packers

than for dealers. The packers had more investment in each class of asset except office

equipment. However, their records often did not separate land and buildings or office

furniture from the packinghouse assets, and the averages for these classes were determined

from the firms having separations.

 None of the costs in Table 1 and 2 includes interest on capital invested in picking

 and hauling equipment. Interest paid by the firms for the use of borrowed capital is