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Schedule III - Real Estate and Accumulated Depreciation
12 Months Ended
Dec. 31, 2013
Real Estate And Accumulated Depreciation Disclosure [Abstract]  
Schedule III - Real Estate and Accumulated Depreciation

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2013

 

          Initial cost to company     Cost
capitalized
subsequent to
acquisition
    Gross amount
at which carried
at close of
period
                  Life on which
depreciation in
latest income
statement is
computed

Description

(All Restaurants)

  Encumbrances     Land & land
improvements
    Building &
Improvements
    Carrying costs     Land,
buildings &
improvements
Total
    Accumulated
depreciation
    Date of
construction
  Date
acquired
 

Victorville, CA

  $ —        $ 327,770      $ 224,843      $ —        $ 552,613      $ 241,266      1986   1986   20 (LI), 35 (BI)

Colton, CA

    —          262,661        180,179        —          442,840        193,343      1986   1986   20 (LI), 35 (BI)

Palmdale, CA

    —          404,791        277,677        —          682,468        297,966      1986   1986   20 (LI), 35 (BI)

Pedley, CA

    —          364,334        249,925        —          614,259        268,184      1987   1987   20 (LI), 35 (BI)

Thousand Palms, CA

    —          446,450        306,255        —          752,705        328,614      1987   1987   20 (LI), 35 (BI)
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

       
  $ —        $ 1,806,006      $ 1,238,879      $ —        $ 3,044,885      $ 1,329,373         
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

       

 

    Restaurants     Accumulated
Depreciation
 

Balances at December 31, 2010

  $ 3,044,885      $ 1,223,185   

Additions

    —          35,396   

Retirements

    —          —     
 

 

 

   

 

 

 

Balances at December 31, 2011

    3,044,885        1,258,581   

Additions

    —          35,396   

Retirements

    —          —     
 

 

 

   

 

 

 

Balances at December 31, 2012

    3,044,885        1,293,977   

Additions

    —          35,396   

Retirements

    —          —     
 

 

 

   

 

 

 

Balances at December 31, 2013

  $ 3,044,885      $ 1,329,373   
 

 

 

   

 

 

 

The aggregate cost basis of Del Taco Restaurant Properties II real estate assets for Federal income tax purposes was $2,910,462 at December 31, 2013.