Yarbrough Oldsmobile Cadillac, Inc. - Page 23

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     1983 -- ADDITIONAL PERSONAL EXPENSES OF ELVIN                                    
                 THAT YOC PAID AND CLAIMED AS DEDUCTIBLE BUSINESS EXPENSES            
                              Recorded on                          Conceded by        
                 Amount       YOC Books As   Benefit to Elvin      Petitioners        

                 $ 6,000      Employee       3 months' rent on     No                 
                              expense        California                               
                                             oceanfront property                      

                 3,100        Employee       Purchase of spa       Yes                
                              expense                                                 
                 4,374        Employee       Purchase of sauna     Yes                
                              expense                                                 
                 2,393        Repair         Installation of spa   Yes                
                              expense        and sauna at                             
                                             Elvin's                                  
                                             residence                                
                 7,300        Repair         Plastering and        Yes                
                              expense        painting of                              
                                             Elvin's                                  
                                             residence                                
                 3,300        Employee       Buddy's college rent  No                 
                              expense                                                 
                 8,901        Employee       Rental of wind        No                 
                              expense        surfers, barbecue                        
                                             grill, microwave                         
                                             oven, and boat                           
                 2,461        Utility        Utility bills for     Yes                
                              expense        Elvin's residence                        
                 1,663        Company        Gasoline credit cards No                 
                              vehicle        used by Mrs.                             
                              expense        Yarbrough and Buddy                      
                 1,945        Miscella-      Expenses relating to  No                 
                              neous          Sea Ray Boat                             
                              expense                                                 
                 132          Outside        Expenses relating to  No                 
                              services       Sea Ray Boat                             
                              expense                                                 
                 1,363        Depreciation   Depreciation claimed  No                 
                              expense        by YOC on assets                         
                                             used personally by                       
                                             Elvin                                    
                 8,203        Salary         Services of Elvin's   No                 
                              expense        housekeeper                              






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Last modified: May 25, 2011