Richard L. and Kelly D. Robson - Page 9




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          Gross sale price                                      $158,890              
          Less:                                                                       
          Cost or other basis                                                         
          plus expense of sale                  $33,245                               
          Less depreciation                       13,760                              
          Adjusted basis                                          19,485              
          Total gain from sale of property                      139,405               
          Less:                                                                       
          Ordinary gain (depreciation claimed                                         
          on section 1245 property)                           13,760                  
          Capital gain                                           125,645              
          Form 8594, Asset Acquisition Statement, filed with the 1992                 
          return showed the allocation of the total $158,890 sale price as            
          follows:                                                                    
          Aggregate fair        Allocation of                                         
          Assets           market value          sale price                           
          Class I (Cash)         $2,000                $2,000                         
          Class II                 --                    --                           
          Class III             184,251               156,890                         
          Total                186,251               158,890                          
          Form 8594 also showed a breakdown of the intangible amortizable             
          class III assets as follows:                                                
          Allocation of                                                               
          Assets          Fair market value      sale price                           
                                                                                     
          Employment                                                                  
          agreements            $20,000              $16,372                          
          Customer list          155,000              130,978                         
          Noncompete              1,200                1,489                          
          Total                176,200              148,839                           
          Thus, $8,051 of the class III assets is not classified on the               
          Form 8594.                                                                  
               Schedule L, Balance Sheet, filed with the 1992 return                  
          reflected the following assets, liabilities, and stockholders’              
          equity at the beginning and end of that year:                               





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