Question: K. T. Tim has been appointed to serve as executor for the estate of Ms. Melanie Triciao, who passed away on August 15, 2013. Ms.

K. T. Tim has been appointed to serve as executor for the estate of Ms. Melanie Triciao, who passed away on August 15, 2013. Ms. Triciao's assets consisted of the following:
K. T. Tim has been appointed to serve as executor

The probate court has ruled that other personal effects may be excluded from the estate inventory.
REQUIRED:
Prepare the estate inventory as of August 15, 2013.

Asset Book Value Fair Value Savings accounts ViaReggio common stock City of Roma municipal bonds Mercedes sports car Condominium on Italian Riviera Atlanta personal residence Collection of rare hand puppets Fully restored Model T Ford $118,225 250,000 67,500 381,500 57,500 399,700 225,700 11,145 $118,225 250,000 225,000 412,000 41,000 430,000 85,000 125,000 1,750

Step by Step Solution

3.27 Rating (176 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Melanie Triciao Testator Inventory of Estate Assets As of the date of Death on August 15 ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1095-B-A-C(1210).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!