Yarbrough Oldsmobile Cadillac, Inc. - Page 25

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                 2,053        Interest       Interest on $80,000   No                 
                              expense        loan to purchase                         
                                            Capriole                                 
     Total                                                                            
                $43,495                                                              


          1985 -- 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        
                                                                                     
                 $ 2,227      Repairs        Repairs on            Yes                
                              expense        Elvin's personal                        
                                             residence                                
                 22,708       Not deducted   YOC automobiles for   No                 
                                             personal use of                          
                                             Elvin, Mrs.                              
                                             Yarbrough, and                           
                                             Buddy                                    
                 1,751        Depreciation   Depreciation          No                 
                              expense        claimed by YOC on                        
                                             assets used                              
                                             personally by Elvin                      
                 21,411       Salary         Elvin's housekeeper   No                 
                              expense        and captain of                           
                                             Capriole                                 
                 4,084        Company        Gasoline credit cards No                 
                              vehicle        used by Mrs.                             
                              expense        Yarbrough and Buddy                      
                 1,228        Miscella-      Expenses relating to  No                 
                              neous          Sea Ray Boat                             
                              expense                                                 
                 6,242        Outside        Maintenance and       No                 
                              services       operation of                             
                              expense        Capriole                                 
                 4,200        Insurance      Insurance on Capriole No                 
                              expense                                                 
                 10,947       Interest       Interest on $80,000   No                 
                              expense        loan to purchase                         
                                            Capriole                                 
                                                                                     
     Total       $74,798                                                              



                                                                                     
     1986 -- ADDITIONAL PERSONAL EXPENSES OF ELVIN                                    
                                       THAT YOC PAID                                  




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Last modified: May 25, 2011