| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING & TAX PREP | 1,685 | 0 | 0 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| CATERPILLAR BACKHOE | 2010-05-15 | 45,000 | 58 | 7.14 % | 3,213 | ||||
| 4 STAR HORSE TRAILER | 2010-08-26 | 17,000 | 58 | 7.14 % | 1,214 | ||||
| SHIRE HORSES-2 GELDINGS | 2010-01-10 | 12,000 | 65 | 5.00 % | 600 | ||||
| HITCH WAGON & HARNESSES | 2010-08-26 | 14,000 | 58 | 7.14 % | 1,000 | ||||
| RED MASSEY TRACTOR | 2010-05-15 | 14,500 | 58 | 7.14 % | 1,035 | ||||
| 1997 SUZUKI MINI-TRUCK | 2009-05-27 | 5,500 | 550 | 54 | 20.00 % | 1,100 | |||
| TRAILER-STEVE HONE | 2008-03-04 | 4,000 | 858 | 58 | 14.29 % | 572 | |||
| SHIRE-ANDY | 2008-03-04 | 6,000 | 900 | 65 | 10.00 % | 600 | |||
| YANMAR TRACTOR | 2005-01-02 | 3,500 | 2,250 | 58 | 14.28 % | 500 | |||
| WORK HARNESSES | 2005-01-02 | 7,200 | 4,629 | 58 | 14.28 % | 1,028 | |||
| WELDER & GENERATOR | 2005-01-02 | 3,000 | 1,929 | 58 | 14.28 % | 428 | |||
| WAGON COVER | 2005-01-02 | 500 | 320 | 58 | 14.28 % | 71 | |||
| TRACTOR ATTACHMENTS | 2005-01-02 | 2,200 | 1,413 | 58 | 14.28 % | 314 | |||
| TOOLS & CABINET | 2005-01-02 | 1,500 | 963 | 58 | 14.28 % | 214 | |||
| SHOW HARNESSES | 2005-01-02 | 24,000 | 15,431 | 58 | 14.28 % | 3,427 | |||
| SHOE FORGE & SUPP | 2005-01-02 | 1,500 | 963 | 58 | 14.28 % | 214 | |||
| SHIRE-THUNDER | 2006-05-20 | 8,000 | 2,800 | 65 | 10.00 % | 800 | |||
| SHIRE-STANLEY | 2006-02-14 | 8,000 | 2,800 | 65 | 10.00 % | 800 | |||
| SHIRE-SNAPPY TOM | 2005-01-02 | 8,000 | 3,600 | 65 | 10.00 % | 800 | |||
| SHIRE-ROB ROY | 2005-01-02 | 9,500 | 4,275 | 65 | 10.00 % | 950 | |||
| SHIRE-MARMADUKE | 2005-01-02 | 10,000 | 4,500 | 65 | 10.00 % | 1,000 | |||
| SHIRE-KAISER | 2006-05-15 | 7,500 | 2,625 | 65 | 10.00 % | 750 | |||
| SHIRE-INDY | 2005-01-02 | 9,000 | 4,050 | 65 | 10.00 % | 900 | |||
| SHIRE-ARBITRATOR | 2005-01-02 | 10,000 | 4,500 | 65 | 10.00 % | 1,000 | |||
| SHIRE STOCK TRLR-93 | 2005-01-02 | 10,000 | 6,429 | 58 | 14.28 % | 1,428 | |||
| SHIPPING BOOTS | 2005-01-02 | 360 | 230 | 58 | 14.28 % | 51 | |||
| POWER WASHER | 2005-01-02 | 700 | 450 | 58 | 14.28 % | 100 | |||
| PACE WAGON TRLR-2000 | 2005-01-02 | 9,800 | 6,299 | 58 | 14.28 % | 1,399 | |||
| METAL TRAINING PEN | 2005-01-02 | 1,800 | 1,157 | 58 | 14.28 % | 257 | |||
| METAL STALLS | 2005-01-02 | 15,000 | 9,645 | 58 | 14.28 % | 2,142 | |||
| MATTRESSES | 2005-01-02 | 300 | 193 | 58 | 14.28 % | 43 | |||
| MASSEY FERG TRACTOR | 2005-01-02 | 12,000 | 7,716 | 58 | 14.28 % | 857 | |||
| HORSE HOT WALKER | 2005-01-02 | 1,500 | 963 | 58 | 14.28 % | 214 | |||
| HONDA GENERATOR | 2005-01-02 | 600 | 387 | 58 | 14.28 % | 86 | |||
| HAY ELEVATOR | 2005-01-02 | 350 | 225 | 58 | 14.28 % | 50 | |||
| HART HORSE TRLR-2000 | 2005-01-02 | 31,850 | 20,475 | 58 | 14.28 % | 4,548 | |||
| GRAIN CONTAINER | 2005-01-02 | 1,500 | 963 | 58 | 14.28 % | 214 | |||
| FREIGHTLINER-2000 | 2005-01-02 | 48,900 | 44,010 | 54 | 10.00 % | 4,890 | |||
| FOUR WHEELERS-2 | 2005-01-02 | 7,000 | 4,500 | 58 | 14.28 % | 1,000 | |||
| FORD LONGBED PU-1996 | 2005-01-02 | 15,025 | 13,523 | 54 | 10.00 % | 1,502 | |||
| FORD DOOLIE PU-2000 | 2005-01-02 | 28,135 | 25,322 | 54 | 10.00 % | 2,813 | |||
| FLAT BED TRLR-18 FT | 2005-01-02 | 2,000 | 1,287 | 58 | 14.28 % | 286 | |||
| FLAGS & COSTUMES | 2005-01-02 | 1,200 | 770 | 58 | 14.28 % | 171 | |||
| DUMP TRAILER | 2005-01-02 | 4,500 | 2,893 | 58 | 14.28 % | 643 | |||
| DRAFT HALTERS & LEAD | 2005-01-02 | 400 | 257 | 58 | 14.28 % | 57 | |||
| COMPUTER & EQUIP | 2005-01-02 | 1,800 | 1,620 | 54 | 10.00 % | 180 | |||
| CAT BACKHOE | 2005-01-02 | 35,000 | 22,503 | 58 | 14.28 % | 2,499 | |||
| BLANKETS | 2005-01-02 | 1,000 | 643 | 58 | 14.28 % | 143 | |||
| AIR COMPRESSOR | 2005-01-02 | 250 | 162 | 58 | 14.28 % | 36 | |||
| 4x4 GATOR | 2006-10-04 | 9,815 | 4,909 | 58 | 14.29 % | 1,403 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Miscellaneous | 79,000 | 35,100 | 43,900 | |
| Machinery and Equipment | 340,685 | 216,104 | 124,581 | |
| Auto./Transportation Equip. | 5,500 | 1,650 | 3,850 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| VETERINARIAN EXPENSE | 1,982 | 1,982 | ||
| VEHICLE EXPENSE | 1,826 | 1,826 | ||
| UNIFORMS | 1,545 | 1,545 | ||
| TELEPHONE | 507 | 507 | ||
| SUPPLIES | 4,644 | 4,644 | ||
| MAINTENANCE & MATERIALS | 13,677 | 13,677 | ||
| LICENSES & FEES | 1,234 | 1,234 | ||
| INSURANCE | 1,786 | 1,786 | ||
| HAY & FEED | 4,624 | 4,624 | ||
| FUEL | 4,988 | 4,988 | ||
| FARRIER EXPENSE | 6,001 | 6,001 | ||
| FARM LABOR | 9,344 | 9,344 | ||
| EVENT EXPENSES | 1,615 | 1,615 | ||
| DUES & SUBSCRIPTIONS | 316 | 316 | ||
| BANK CHARGES | 145 | 145 |