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Income Overhead Total Atrium
Year (Loss) Expense Loss
1989 ($13,781) $478,890 $492,671
1990 (21,026) 533,198 554,224
1991 (22,728) 564,120 586,848
1992 992 525,548 524,556
1993 (46,294) 731,558 777,852
1994 24,216 745,909 721,693
1995 98,899 788,724 689,825
The Bank has never maintained teller windows or other
banking facilities in the Atrium and has never solicited new
customers from within the Atrium. The Bank has never held
business meetings in the Atrium and has never leased the Atrium
for events. The Bank, however, allows the use of the Atrium by
community groups an average of once a month.
7. The Atrium Assets: Cost Bases and Depreciation
LBC constructed the Atrium Cafe and installed equipment,
furniture, and fixtures therein.
During the years in issue, LBC installed a security system
and signage in the Atrium (the Atrium Security System and
Signage).
During the years in issue, LBC incurred costs to construct,
equip, and install the Skyway, The Atrium Cafe, the Atrium
Security System and Signage, and the remaining components of the
Atrium (the Atrium Structure) (collectively, the Atrium Assets).
The cost bases of the Atrium Assets placed in service during the
years in issue, as adjusted pursuant to section 48(q) for the
investment tax credits claimed with respect to such assets, were
as follows:
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