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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]
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:


2013

2012

Acres

Book Value

Acres

Book Value

Balance at January 1:

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

Additions

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Sales

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Balance at December 31:

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

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