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The second joint net worth schedule determined the combined net
worth of petitioners to be ($3,891,976).
Mr. Johnson's net worth schedule and Mrs. Johnson's net
worth schedule are identical. Mr. Johnson's net worth schedule
and Mrs. Johnson's net worth schedule each listed the following
assets:
Assets Value
Savings accounts and/or certificates $51,669
Checking accounts 5,011
Investment in dealership 664,400
Real estate 1,138,738
Home furnishings 62,500
Total assets 1,922,317
The real estate assets were broken down as follows:
Real Estate Acquisition Cost Accumulated Depreciation Net Book Value Value
Personal residence $405,000 -- -- $202,500
Fox Field Bldg. 423,321 $116,775 $306,546 --
Fox Field equip. 72,000 45,530 26,470 --
El Monte Bldg. 793,279 187,201 606,078 --
El Monte Bldg. 8,000 1,467 6,533 --
points
Subtotal -- -- -- 472,814
CRV 721,000 721,000 -- -0-
WASU rental, 40,000 -0- 40,000 --
land
WASU rental, 185,000 23,825 161,175 --
rental
Subtotal -- -- -- 100,588
Ford dealership:
land 111,334 -0- 111,334 --
bldg. 684,009 69,669 614,340 --
computer 52,496 52,496 -0- --
Subtotal -- -- -- 362,837
Real estate
total -- -- -- 1,138,738
Mr. Johnson's net worth schedule and Mrs. Johnson's net worth
schedule each listed the following liabilities:
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Last modified: May 25, 2011