| 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 |
|---|---|---|---|---|---|---|---|---|---|
| SEE ATTACHED FORM 4562 | 2006-01-01 | 146,218 | 60,010 | GDS | 005 | 18,385 | 18,385 | 18,385 |
| Identifier | Return Reference | Explanation |
|---|
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| EQUIPMENT | 146,218 | 78,395 | 67,823 | 67,823 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| LAND | 4,880 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AUTO EXPENSE | 6,479 | 6,479 | 6,479 | 6,479 |
| DUES SUBSCRIPTIONS | 843 | 843 | 843 | 843 |
| INSURANCE | 2,898 | 2,898 | 2,898 | 2,898 |
| OFFICE EXP | 11,189 | 11,189 | 11,189 | 11,189 |
| MISC EXP | 223 | 223 | 223 | 223 |
| PHONE EXP | 4,252 | 4,252 | 4,252 | 4,252 |
| INVESTMENT EXPENSE | 17,383 | 17,383 | 17,383 | 17,383 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| REIMBURSEMENTS | 5,400 | 5,400 | 5,400 |
| Description | Amount |
|---|---|
| adjustment | 90 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Income tax | 736 | 736 | 736 | 736 |