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Auker Investments, Inc.
(1) The estate reduced by $45,000 the $512,000 asset value
ascertained by the appraisers to take into account 15-percent
market absorption discounts on the real estate interests owned by
Eldon L. Auker Enterprises, an entity in which Auker Investment,
Inc., owned a 25.57-percent interest, and 15-percent market
absorption discounts on the real estate interests owned by Auker
Homes, an entity in which Eldon L. Auker Enterprises owned a
50-percent interest. The real estate interests owned by Eldon L.
Auker Enterprises, and to which the estate applied 15-percent
market absorption discounts aggregating $270,563 ($45,000 of
which was attributed to Auker Investments, Inc., after taking
into account its 25.57-percent ownership interest, the 35-percent
discount ascertained by Mr. Stockdale for lack of marketability
and lack of control, and rounding), were set forth above in the
discussion of Eldon L. Auker Enterprises. The real estate
interests owned by Auker Homes, and to which the estate applied
15-percent market absorption discounts aggregating $435,346
($130,603 of which was attributed to Eldon L. Auker Enterprises
after taking into account its 50-percent ownership interest, the
40-percent discount ascertained by Mr. Stockdale for lack of
marketability and lack of control, and rounding), were also set
forth above in the same discussion.
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