| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 4,029 | 0 | 0 | 2,014 |
| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| BULL | 2010-10-16 | 1,435 | 200DB | 5.000000000000 | 1,435 | 0 | 48 | ||
| DESKS | 2004-06-07 | 599 | 200DB | 5.000000000000 | 0 | 0 | 0 | ||
| LARGE BUILDING | 2008-08-01 | 470,000 | 16,571 | SL | 39.000000000000 | 12,051 | 0 | 12,051 | |
| SMALL BUILDING | 2008-08-01 | 70,000 | 2,468 | SL | 39.000000000000 | 1,795 | 0 | 1,795 | |
| BARN | 2008-08-01 | 30,000 | 3,291 | 150DB | 20.000000000000 | 2,003 | 0 | 2,003 | |
| LAND | 2008-05-30 | 1,130,595 | L | 0 % | 0 | 0 | 0 | ||
| IMPROVEMENTS | 2008-08-28 | 30,568 | 1,078 | SL | 39.000000000000 | 784 | 0 | 784 | |
| BUNK BEDS | 2008-11-24 | 5,200 | 2,016 | 200DB | 7.000000000000 | 910 | 0 | 910 | |
| 3 CANOES & TRAILER | 2008-08-01 | 3,500 | 1,820 | 200DB | 5.000000000000 | 672 | 0 | 672 | |
| CAMPER & TRAILER | 2008-09-11 | 5,000 | 2,600 | 200DB | 5.000000000000 | 960 | 0 | 960 | |
| MOVIE CAMERA | 2008-08-01 | 2,000 | 1,040 | 200DB | 5.000000000000 | 384 | 0 | 384 | |
| 4 ATVS | 2008-08-01 | 11,700 | 6,084 | 200DB | 5.000000000000 | 2,246 | 0 | 2,246 | |
| 1999 FORD F350 | 2008-12-09 | 8,500 | 4,420 | 200DB | 5.000000000000 | 1,632 | 0 | 1,632 | |
| TRACTOR & TOOLS | 2008-08-01 | 20,000 | 7,755 | 200DB | 7.000000000000 | 3,499 | 0 | 3,499 | |
| EQUIPMENT & TOOLS | 2008-08-01 | 52,500 | 20,357 | 200DB | 7.000000000000 | 9,184 | 0 | 9,184 | |
| ZETOR TRACTOR | 2009-06-08 | 26,640 | 3,806 | 200DB | 7.000000000000 | 6,524 | 0 | 6,524 | |
| TRACTOR - BUSH HOG | 2009-06-15 | 4,000 | 571 | 200DB | 7.000000000000 | 980 | 0 | 980 | |
| CATTLE | 2009-04-06 | 99,850 | 19,970 | 200DB | 5.000000000000 | 31,952 | 0 | 31,952 | |
| LAND | 2009-02-19 | 152,252 | L | 0 % | 0 | 0 | 0 | ||
| BULLS | 2009-08-06 | 4,350 | 870 | 200DB | 5.000000000000 | 1,392 | 0 | 1,392 | |
| LAND - 440 ACRES | 2009-03-30 | 452,500 | L | 0 % | 0 | 0 | 0 | ||
| TRAILER | 2010-11-16 | 3,500 | 200DB | 5.000000000000 | 700 | 0 | 700 | ||
| TRUCK | 2010-11-27 | 6,500 | 200DB | 5.000000000000 | 1,300 | 0 | 1,300 | ||
| 09 CHEVY VAN | 2010-02-25 | 23,660 | 200DB | 5.000000000000 | 4,732 | 0 | 4,732 | ||
| CATTLE | 2009-04-06 | 850 | 170 | 200DB | 5.000000000000 | 136 | 0 | 136 | |
| CATTLE | 2009-04-06 | 1,000 | 200 | 200DB | 5.000000000000 | 160 | 0 | 160 | |
| CATTLE | 2009-04-06 | 3,250 | 650 | 200DB | 5.000000000000 | 520 | 0 | 520 | |
| CATTLE | 2009-04-06 | 1,500 | 300 | 200DB | 5.000000000000 | 240 | 0 | 240 | |
| BULL | 2009-04-06 | 1,100 | 220 | 200DB | 5.000000000000 | 176 | 0 | 176 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| CATTLE | 2009-04 | PURCHASED | 2010-10 | 357 | 0 | -187 | 306 | |||
| CATTLE | 2009-04 | PURCHASED | 2010-07 | 0 | -640 | 360 | ||||
| CATTLE | 2009-04 | PURCHASED | 2010-03 | 6,848 | 0 | 4,768 | 1,170 | |||
| CATTLE | 2009-04 | PURCHASED | 2010-12 | 3,594 | 0 | 2,634 | 540 | |||
| BULL | 2009-04 | PURCHASED | 2010-10 | 983 | 0 | 279 | 396 | |||
| CATTLE - NEW BORNS | 2010-01 | PURCHASED | 2010-12 | 26,668 | 0 | 26,668 | ||||
| CATTLE - NEW BORNS | 2010-01 | PURCHASED | 2010-12 | 2,995 | 0 | 2,995 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BULL | 1,435 | 1,435 | 0 | |
| DESKS | 599 | 599 | 0 | |
| LARGE BUILDING | 470,000 | 28,622 | 441,378 | 0 |
| SMALL BUILDING | 70,000 | 4,263 | 65,737 | 0 |
| BARN | 30,000 | 5,294 | 24,706 | 0 |
| LAND | 1,130,595 | 0 | 1,130,595 | 0 |
| IMPROVEMENTS | 30,568 | 1,862 | 28,706 | 0 |
| BUNK BEDS | 5,200 | 2,926 | 2,274 | 0 |
| 3 CANOES & TRAILER | 3,500 | 2,492 | 1,008 | 0 |
| CAMPER & TRAILER | 5,000 | 3,560 | 1,440 | 0 |
| MOVIE CAMERA | 2,000 | 1,424 | 576 | 0 |
| 4 ATVS | 11,700 | 8,330 | 3,370 | 0 |
| 1999 FORD F350 | 8,500 | 6,052 | 2,448 | 0 |
| TRACTOR & TOOLS | 20,000 | 11,254 | 8,746 | 0 |
| EQUIPMENT & TOOLS | 52,500 | 29,541 | 22,959 | 0 |
| ZETOR TRACTOR | 26,640 | 10,330 | 16,310 | 0 |
| TRACTOR - BUSH HOG | 4,000 | 1,551 | 2,449 | 0 |
| CATTLE | 99,850 | 51,922 | 47,928 | 0 |
| LAND | 152,252 | 0 | 152,252 | 0 |
| BULLS | 4,350 | 2,262 | 2,088 | 0 |
| LAND - 440 ACRES | 452,500 | 0 | 452,500 | 0 |
| TRAILER | 3,500 | 700 | 2,800 | 0 |
| TRUCK | 6,500 | 1,300 | 5,200 | 0 |
| 09 CHEVY VAN | 23,660 | 4,732 | 18,928 | 0 |
| CATTLE | 850 | 306 | 544 | 0 |
| CATTLE | 1,000 | 360 | 640 | 0 |
| CATTLE | 3,250 | 1,170 | 2,080 | 0 |
| CATTLE | 1,500 | 540 | 960 | 0 |
| BULL | 1,100 | 396 | 704 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK FEES | 12 | 0 | 0 | 12 |
| CAMP FOOD | 3,236 | 0 | 0 | 3,236 |
| CAMPING & HUNTING SUPPLIES | 11,543 | 0 | 0 | 11,543 |
| CATTLE FEED | 6,362 | 0 | 0 | 6,362 |
| CONTRACT LABOR | 10,505 | 0 | 0 | 10,505 |
| INSURANCE | 2,854 | 0 | 0 | 2,854 |
| INTERNET SERVICES | 586 | 0 | 0 | 0 |
| MEETINGS | 531 | 0 | 0 | 0 |
| FERTILIZER | 2,723 | 0 | 0 | 2,723 |
| POSTAGE | 9 | 0 | 0 | 0 |
| REPAIRS & MAINTENANCE | 11,879 | 0 | 0 | 11,879 |
| TAXES | 5,627 | 0 | 0 | 5,627 |
| TELEPHONE | 772 | 0 | 0 | 0 |
| UTILITIES | 5,930 | 0 | 0 | 5,930 |
| VEHICLE | 2,221 | 0 | 0 | 2,068 |
| RETREAT HOUSE SUPPLIES | 3,116 | 0 | 0 | 3,116 |
| DUES & FEES | 145 | 0 | 0 | 0 |
| MISC | 3,348 | 0 | 0 | 0 |
| LONG-TERM LOSS FROM TRADE OR BUSINESS PROPERTY | -827 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MISC INCOME | 3,190 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| REAL ESTATE TAX PAYABLE | 986 | 0 |
| Name | Address |
|---|---|
| V DALE JANNICE SCHAMEL |
65 INVERNESS DRIVE EAST ENGLEWOOD,CO80112 |
|
COLORADO STEEL |
65 INVERNESS DRIVE EAST ENGLEWOOD,CO80112 |
|
ARMOR STEEL |
65 INVERNESS DRIVE EAST ENGLEWOOD,CO80112 |
|
ARMOR DEVELOPMENT |
65 INVERNESS DRIVE EAST ENGLEWOOD,CO80112 |