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Extraordinary and Unusual Items
6 Months Ended
Jun. 30, 2011
Extraordinary and Unusual Items  
Unusual or Infrequent Items Disclosure [Text Block]

Note D – Casualty Events

 

In February 2010, the Partnership’s property experienced damages from a snow storm of approximately $11,000. During the year ended December 31, 2010, the Partnership received insurance proceeds of approximately $9,000. The Partnership recognized a casualty gain of approximately $9,000 during the year ended December 31, 2010 as the associated assets were fully depreciated.

 

In April 2010, the Partnership’s property experienced damages from a fire of approximately $44,000. During the three and six months ended June 30, 2010, the Partnership received insurance proceeds of approximately $29,000 to cover the damages.  After writing off the fully depreciated cost of the damaged assets, the Partnership recognized a casualty gain of approximately $29,000 for the three and six months ended June 30, 2010.