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Annual report pursuant to Section 13 and 15(d)

Note 4 - Real Estate Acquired

v2.4.0.8
Note 4 - Real Estate Acquired
12 Months Ended
Dec. 31, 2013
Property, Plant and Equipment [Abstract] Ìý
Property, Plant and Equipment Disclosure [Text Block]

(4)

Real Estate Acquired


Real estate acquired included the following activity for the years ended December 31, 2013 and 2012:


Ìý Ìý

2013

Ìý Ìý

2012

Ìý
Ìý Ìý

Acres

Ìý Ìý

Book Value

Ìý Ìý

Acres

Ìý Ìý

Book Value

Ìý

Balance at January 1:

Ìý Ìý 10,124.78 Ìý Ìý $ 1,125,059 Ìý Ìý Ìý 10,124.78 Ìý Ìý $ 1,125,059 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Additions

Ìý Ìý — Ìý Ìý Ìý — Ìý Ìý Ìý — Ìý Ìý Ìý — Ìý

Sales

Ìý Ìý — Ìý Ìý Ìý — Ìý Ìý Ìý — Ìý Ìý Ìý — Ìý

Balance at December 31:

Ìý Ìý 10,124.78 Ìý Ìý $ 1,125,059 Ìý Ìý Ìý 10,124.78 Ìý Ìý $ 1,125,059 Ìý

No valuation allowance was necessary at December 31, 2013 and 2012.