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Note 1 - Organization and Summary of Significant Accounting Policies: Mortgage Note Receivable (Policies)
9 Months Ended
Sep. 30, 2013
Policies  
Mortgage Note Receivable

Mortgage Note Receivable

 

The Partnership reviews its mortgage note receivable whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable.  The Partnership has recorded its mortgage note receivable at September 30, 2013 and December 31, 2012 at the amount at which the Partnership ultimately expects to receive. No impairment was recognized during the nine months ended September 30, 2013 or 2012.  See “Note 3 – Mortgage Note Receivable” for further information.