Schedule XI - Real Estate and Accumulated Depreciation
PAINEWEBBER EQUITY PARTNERS TWO LIMITED PARTNERSHIP
SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION
March 31, 1994
<TABLE>
<CAPTION> Life on
Cost Which
Initial Cost Capitalized Depreciation
to Consolidated (Removed) in Latest
Joint Subsequent to Gross Amount at Which Income
Ventures Acquisition Carried at End of Year Statement
Buildings & Buildings & Buildings Accumulated Date of Date is
Description Encumbrances Land Improvements Improvements Land Improvements Total Depreciation Construction Acquired Computed
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Business Center
Pleasanton, CA $9,003,830 $3,315,297 $23,336,952 $1,436,778 $3,370,033 $24,718,994 $28,089,027 $7,163,733 1985 12/24/87 5-31.5 yrs
Apartment Complex
Atlanta, GA 3,658,287 1,701,946 11,949,920 (217,373) 1,638,760 11,795,733
13,434,493 1,783,105 1990 3/12/90 10-27.5yrs
$12,662,117 $5,017,243 $35,286,872$1,219,405 $5,008,793 $36,514,727 $41,523,520 $8,946,838
Notes
(A) The aggregate cost of real estate owned at December 31, 1993 for Federal income
tax purposes is approximately $42,689,000.
(B) See Notes 6 and 7 to the Financial Statements for a description of the terms of
the debt encumbering the properties.
(C) Reconciliation of real estate owned:
1993 1992 1991
Balance at beginning of period $ 41,432,699 $ 42,003,718 $ -
Consolidation of joint ventures - - 41,606,625
Acquisitions and improvements 90,821 261,317 902,579
Write-offs due to disposals - (832,336) -
Reduction in basis due to guaranty payments - - (505,486)
Balance at end of period $ 41,523,520 $ 41,432,699 $ 42,003,718
(D) Reconciliation of accumulated depreciation:
Balance at beginning of period $ 7,722,461 $ 7,347,309 $ -
Consolidation of joint ventures - - 5,322,139
Depreciation expense 1,224,377 1,207,488 2,025,170
Write-offs due to disposals - (832,336) -
Balance at end of period $ 8,946,838 $ 7,722,461 $ 7,347,309
</TABLE>
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