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Note 4: Value of Business Acquired | 12 Months Ended
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Dec. 31, 2014
Notes |
Note 4: Value of Business Acquired | 4) Value of Business Acquired Information with regard to value of business acquired is as follows:
|  | December 31
|  | 2014 |  | 2013 |  | 2012
Balance at beginning of year |  | $ 8,680,845 |  | $ 9,829,082 |  | $ 10,996,050
Value of business acquired |  | 1,169,428 |  | 192,035 |  | 48,190
Imputed interest at 7% |  | 591,412 |  | 647,848 |  | 728,880
Amortization |  | (1,894,058) |  | (1,988,120) |  | (1,944,038)
Net amortization charged to income |  | (1,302,646) |  | (1,340,272) |  | (1,215,158)
Balance at end of year |  | $ 8,547,627 |  | $ 8,680,845 |  | $ 9,829,082
Presuming no additional acquisitions, net amortization charged to income is expected to approximate $1,113,000 $1,031,000, $958,000, $852,000, and $790,000 for the years 2015 through 2019. Actual amortization may vary based on changes in assumptions or experience. As of December 31, 2014, value of business acquired is being amortized over a weighted average life of 6.6 years.

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References No definition available. + Details
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