| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| WRIGHT MCAFEE CO | 8,505 | 4,253 | 4,253 | 4,252 |
| 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 | 3,790 | 7,247 | 7,247 | 7,247 | |||||
| DEPLETION ON WELLS | 9,574 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| PARTNERSHIP - CABO DEL SOL | 2005-12 | P | 2014-03 |
HAL SMITH RESTAURANT GROUP |
5,000 | 7,583 | -2,583 | |||
| OIL GAS LIGHT LEASE | 1996-01 | P | 2014-09 | 1,037 | 5,377 | 1,037 | 5,377 | |||
| HOUSE - 2325 NW 33RD | 2011-07 | P | 2014-04 | 11,000 | 10,045 | 1,338 | 383 |
| Identifier | Return Reference | Explanation |
|---|
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| VARIOUS PARTNERSHIPS OIL | 375,948 | 137,363 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| VARIOUS | 470,666 | 402,163 | 58,356 | 58,356 |
| LAND | 277,415 | 275,517 | 275,517 |
| Item No. | 1 |
|---|---|
| Lender's Name | VARIOUS BANK |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | |
| Balance Due | 238585 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| MINERALS HELD FOR SALE | 100,000 | 70,800 | 70,800 |
| Description | Amount |
|---|---|
| Excise tax on investment incom | 0 |
| Nondeductible expenses from K-1s | 17 |
| Loss on investments | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INTANGIBLE DRILLING COSTS | 1,263 | 1,263 | 1,263 | |
| LEASE OPERATING EXPENSES | 9,645 | 9,645 | 9,645 | |
| DIRECTORS FEES | 1,100 | 550 | 550 | 550 |
| OFFICE EXPENSE | 141 | 71 | 71 | 70 |
| FILING FEES | 15 | 15 | 15 | |
| BANK CHARGES | 2,004 | 2,004 | 2,004 | |
| AMORTIZATION | 4,168 | 4,168 | 4,168 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OIL GAS INCOME | 50,451 | 50,451 | 50,451 |
| PARTNERSHIP INCOME AND LOSSES | -773 | -773 | -773 |
| INTEREST INCOME FROM K-1 | 2,832 | 2,832 | 2,832 |
| GAIN ON SALE OF OIL GAS INTERSTS | 23,966 | 23,966 | 23,966 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| COMMISSIONS | 1,047 | 1,047 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Real estate tax not included in line 20 | 897 | 897 | 897 | |
| PRODUCTION TAX | 1,408 | 1,408 | 1,408 |