Estate of Hon Hing Fung, Deceased, Bernard Fung, Executor - Page 24

                                       - 24 -                                         
                                     Appendix B                                       
                Respondent’s Calculations As Per Notice of Deficiency                 
          Gross Estate                                                                
          Monte Vista:                                                                
               Appraised value               $885,000                                 
               Less: One-half interest       (442,500)                                
                    Gross estate value                      $442,500                  
          Calle Victoria:                                                             
               Appraised value               870,000                                  
               Less: One-half interest       (435,000)                                
                    Gross estate value                      435,000                   
          Vernon:                                                                     
               Appraised value               475,000                                  
               Less: Encumbrances            (277,257)                                
                    Gross estate value                        197,743                 
          GROSS ESTATE IN UNITED STATES                     1,075,243                 
          GROSS ESTATE OUTSIDE UNITED STATES                  729,339                 
          TOTAL GROSS ESTATE                                1,804,582                 

Page:  Previous  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  Next