Appendix B

Appendix B
Historical Depreciation Costs and Capital Expenditures
			1998	1999	2000	2001	2002	2003	Source
Cal-Ore
Depreciation Expense			$1,015,877	$1,182,940	$1,084,910	$1,038,752	$1,313,666	$1,320,382	Supplement Filed Nov. 22, 2004, Exhibit A& Supplement Filed July 30, 2004, Exhibit F
6-Year Annual Average Depreciation Expense During 1998 - 2003:
			$1,159,421
3-Year Annual Average Depreciation Expense During 2001 - 2003:
			$1,224,267
									2004
			1998	1999	2000	2001	2002	2003	Budgeted	Source
Cal-Ore
Capital Expenditures			$728,634	$373,789	$1,578,759	$1,609,240	$4,912,048	$2,240,379	$1,195,000	Supplement Filed Nov. 22, p. 6
6-Year Annual Average Cap. Ex. During 1998 - 2003:
			$1,907,142
3-Year Annual Average Cap. Ex. During 2001 - 2003:
			$2,920,556