Pam's Restaurant, LLC was formed in 1945. It purchased a building soon after in 1946 for $20,000. Total, some 50 plus years later, Pam's is still in business. The original building is still on the balance sheet for $20,000 even though the current fair market value of the building is well over $200,000. Pam's will keep the building on its balance sheet for $20,000 until it is either retired or sold.