Texas Pacific Land Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 4 - Real Estate Acquired

Note 4 - Real Estate Acquired

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment Disclosure [Text Block]

(4)	Real Estate Acquired

Real estate acquired included the following activity for the years ended December 31, 2014 and 2013:

	2014				2013
	Acres		Book Value		Acres		Book Value
Balance at January 1:		10,124.78	$	1,125,059		10,124.78	$	1,125,059

Additions		—		—		—		—
Sales		—		—		—		—
Balance at December 31:		10,124.78	$	1,125,059		10,124.78	$	1,125,059

No valuation allowance was necessary at December 31, 2014 and 2013.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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