| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| WRIGHT MCAFEE CO | 8,850 | 2,766 | 5,532 | 2,766 |
| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| DEPRECIATION | 000 | 1,654 | 1,654 | 1,654 | |||||
| DEPLETION ON WELLS | 000 | 9,256 | 9,256 | 9,256 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| PATSY WELL | 2009-07 | P | 2011-11 |
RED ROCK AND INSURANCE |
5,022 | 5,022 | ||||
| K-1 LONG TERM GAIN | 2009-07 | P | 2010-12 |
CASHION K-1 |
14,235 | 14,235 | ||||
| K-1 SECTION 1231 GAIN | 2009-07 | P | 2010-12 |
CASHION K-1 |
4,370 | 4,370 |
| Identifier | Return Reference | Explanation |
|---|
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| VARIOUS PARTNERSHIPS OIL | 283,264 | 283,264 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| VARIOUS | 517,421 | 445,973 | 71,448 | 29,835 |
| LAND | 360,044 | 360,044 | 360,044 |
| Item No. | 1 |
|---|---|
| Lender's Name | VARIOUS BANK |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | |
| Balance Due | 41613 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INTANGIBLE DRILLING COSTS | 4,165 | 4,165 | 4,165 | |
| LEASE OPERATING EXPENSES | 20,498 | 20,498 | 20,498 | |
| INTERESTFINANCE CHARGES | 51 | 51 | 51 | |
| BANK CHARGES | 66 | 33 | 33 | 33 |
| AMORTIZATION | 5,462 | 4,517 | 4,517 | 945 |
| DIRECTORS FEES | 300 | 150 | 150 | |
| FILING FEES | 164 | 164 | 164 | |
| OFFICE EXPENSE | 114 | 43 | 85 | 42 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| DEBT FINANCED | 10,228 | 3,018 | 3,018 |
| PARTNERSHIP INCOME AND LOSSES | -6,959 | -6,959 | -6,959 |
| OIL GAS INCOME | 57,812 | 57,812 | 57,812 |
| LOSS ON INVESTMENTS | -119,894 | -119,894 | -119,894 |
| INTEREST INCOME FROM K-1 | 2,981 | 2,981 | 2,981 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| EARNEST DEPOSIT | 1,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Real estate tax not included in line 20 | 1,057 | 1,057 | 1,057 | 0 |
| PRODUCTION TAX | 1,799 | 1,799 | 1,799 | 0 |