Note 4: Value of Business Acquired

12 Months Ended

Dec. 31, 2014

Notes

Note 4: Value of Business Acquired

4)    Value of Business Acquired

Information with regard to value of business acquired is as follows:

	December 31
	2014	2013	2012
Balance at beginning of year	$      8,680,845	$      9,829,082	$    10,996,050
Value of  business acquired	1,169,428	192,035	48,190
Imputed interest at 7%	591,412	647,848	728,880
Amortization	(1,894,058)	(1,988,120)	(1,944,038)
Net amortization charged to income	(1,302,646)	(1,340,272)	(1,215,158)
Balance at end of year	$      8,547,627	$      8,680,845	$      9,829,082

Presuming no additional acquisitions, net amortization charged to income is expected to approximate $1,113,000$1,031,000, $958,000, $852,000, and $790,000 for the years 2015 through 2019. Actual amortization may vary based on changes in assumptions or experience. As of December 31, 2014, value of business acquired is being amortized over a weighted average life of 6.6 years.