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12/31/88 12/31/89
Accum. Depr. 603 Donaldson 339.79 902.86
Accum. Depr. Dawg Gone Saloon –- –-
OTHER
Loan-House Trailer 18,284.71 17,839.27
Accum. Depr. Road 25.00 123.53
VEHICLES AND EQUIPMENT
Accum. Depr. 179 Deduction 10,000.00 13,700.00
Accum. Depr. Dehicles 440.00 1,144.00
Accum. Depr. Equipment 163.52 443.83
TOTAL LIABILITIES 65,351.08 67,224.44
NET WORTH (Assets-Liabilities) 47,411.36 110,155.27
INCREASE IN NET WORTH
NET WORTH 47,411.36 110,155.27
PRIOR YEAR NET WORTH 10,587.36 47,411.36
INCREASE IN NET WORTH 36,824.00 62,743.91
PLUS PERSONAL EXPENDITURES[1] 4,582.55 5,946.97
LESS: NON-TAXABLE ITEMS (1,170.00) (982.80)
CORRECTED AGI 40,236.55 67,708.08
1 In estimating petitioner’s personal expenditures for 1988
and 1989, respondent took a conservative approach by including
only certain documented expenses for utilities, vacations,
personal interest and license fees, totaling $4,583 and $5,947,
for 1988 and 1989, respectively. Respondent did not attempt to
estimate other living expenses such as food, clothing, furniture,
and entertainment.
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Last modified: May 25, 2011