XML 45 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Summary of Unaudited Reconciliation of Net Income

The following represents an unaudited reconciliation of net income as stated on the Partnership statements of income to net income for tax reporting purposes:

 

     2013     2012     2011  
     (Unaudited)     (Unaudited)     (Unaudited)  

Net income, per statements of income

   $ 1,041,105      $ 862,195      $ 275,643   

Book to tax depreciation difference

     (31,709     (24,201     (26,249

Tax over (under) Book gain from asset disposition

     352,979        (230,437     (120,194

Straight line rent adjustment

     (279     (204     10,450   

Penalties

     0        242        9   

Prepaid rent

     0        0        0   

Impairment (write-down)/write-up of assets held

     0        (142,747     494,822   
  

 

 

   

 

 

   

 

 

 

Net income for tax reporting purposes

   $ 1,362,096      $ 464,848      $ 634,481