| 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 |
|---|---|---|---|---|---|---|---|---|---|
| BUILDING | 2010-01-01 | 70,994 | SL | 39.000000000000 | 1,747 | 1,747 | 1,747 | ||
| EQUIPMENT | 2010-01-01 | 1,377 | 200DB | 7.000000000000 | 344 | 344 | 344 | ||
| EQUIPMENT | 2010-01-01 | 736 | 200DB | 7.000000000000 | 184 | 184 | 184 | ||
| LAND | 2010-01-01 | 25,000 | L | 0 | 0 | 0 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING | 70,994 | 1,747 | 69,247 | 0 |
| EQUIPMENT | 1,377 | 344 | 1,033 | 0 |
| EQUIPMENT | 736 | 184 | 552 | 0 |
| LAND | 25,000 | 0 | 25,000 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 2,364 | 0 | 0 | 2,364 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK CHARGES | 70 | 0 | 0 | 70 |
| UTILITIES | 16,988 | 16,988 | 16,988 | 0 |
| SECURITY | 667 | 667 | 667 | 0 |
| REPAIRS AND MAINTENANCE | 1,950 | 1,950 | 1,950 | 0 |
| CLEANING | 6,905 | 6,905 | 6,905 | 0 |
| LICENSE AND PERMIT FEES | 104 | 104 | 104 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 5,550 | 0 | 0 | 5,550 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAXES | 108 | 0 | 0 | 0 |
| PROPERTY TAXES | 41,565 | 41,565 | 41,565 | 0 |