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. Triciao's
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: Assets Book value Fair Value Cash $ 118,225 $ 118,225 Savings Account $ 250,000 $ 250,000 ViaReggio common stock $ 67,500 $ 225,000 City of Roma municipal bonds $ 381,500 $ 412,000 Mercedes sports car $ 57,500 $ 41,000 Condominium on Italian Riviera $ 399,700 $ 1,265,500 Atlanta personal residence $ 225,700 $ 430,000 Collection of rare hand puppets $ 11,145 $ 5,000 Fully restored Model T Ford $ 1,750 $ 125,000 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
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