K.T. Tim has been appointed to serve as executor for the estate of Ms. Lisa Triciao,...

  

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K.T. Tim has been appointed to serve as executor for the estate of Ms. Lisa Triciao, who passed away on August 15, 2015. Ms. Triciao's assets consisted of the following: Asset Book Value Fair Value Cash 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 $118,225 250,000 225,000 412,000 41,000 1,265,500 430,000 85,000 125,000 225,700 11,145 1,750 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, 2015. K.T. Tim has been appointed to serve as executor for the estate of Ms. Lisa Triciao, who passed away on August 15, 2015. Ms. Triciao's assets consisted of the following: Asset Book Value Fair Value Cash 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 $118,225 250,000 225,000 412,000 41,000 1,265,500 430,000 85,000 125,000 225,700 11,145 1,750 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, 2015.

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Estate inventory will be calculated on fair value Asset Fair value Cash 118225 S... View the full answer