| 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 |
|---|
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| 1965 FORD MUSTANG SHELBY | 2009-06 | 2010-09 | 180,000 | 148,000 | 32,000 | |||||
| 1963 FORD GALAXIE GURNEY | 2008-01 | 2010-09 | 104,250 | 150,000 | -45,750 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ARTWORK | 725 | 16,725 | 16,725 |
| SECURITY DEPOSIT | 4,905 | 4,905 | 4,905 |
| 1927 FORD ROADSTER | 173,333 | 173,333 | 173,333 |
| 1929 FORD MODEL "A" ROADSTER | 173,333 | 173,333 | 173,333 |
| 1932 FORD ROADSTER-FRED STEELE | 333,333 | 333,333 | 333,333 |
| 1936 FORD 3W CPE "FIRST LOVE" | 983,333 | 983,333 | 983,333 |
| 1936 FORD CONVERTIBLE - DREAM | 183,333 | 183,333 | 183,333 |
| 1936 FORD CABRIOLET CUSTOM | 158,333 | 158,333 | 158,333 |
| 1940 MERCURY CONVERTABLE-ROMAN | 233,333 | 233,333 | 233,333 |
| 1925 FORD T-BUCKET - H.P. SPEC | 150,000 | 150,000 | 150,000 |
| 1963 FORD GALAXIE - GN | 150,000 | ||
| 1964 FORD FALCON - HOWMET | 137,500 | 137,500 | 137,500 |
| 1966 FORD MUSTANG #10 | 283,333 | 283,333 | 283,333 |
| 1967 MERCURY COUGAR - #15 | 583,333 | 583,333 | 583,333 |
| 1968 FORD MUSTANG- TITUS #1 | 750,000 | 750,000 | 750,000 |
| 1969 FORD MUSTANG- S. YUNICK | 675,000 | 675,000 | 675,000 |
| 1982 FORD MUSTANG- FIRESTONE 2 | 78,333 | 78,333 | 78,333 |
| 1982 FORD MUSTANG- FIRESTONE 1 | 78,333 | 78,333 | 78,333 |
| 1982 MUSTANG - H/M TICO | 45,000 | 45,000 | 45,000 |
| 1936 JENSON - FORD TOURER | 203,555 | 203,555 | 203,555 |
| 1934 FORD-FERGESON DRY LAKE | 96,667 | 96,667 | 96,667 |
| 1932 FORD "LARRY SHINODA" COUP | 145,000 | 145,000 | 145,000 |
| 1965 FORD MUSTANG - SHELBY | 148,000 | ||
| 1949 FORD SPR DELUX SPORTSMAN | 275,055 | 275,055 | 275,055 |
| 198X FORD MUSTANG - CHASSIS | 225,000 | 225,000 | 225,000 |
| EXCHANGE & SUSPENSE | 631 | 7 | 7 |
| 1936 FORD - ED PINK CAR | 1,000 | 1,000 | |
| NEW ENGINE | 45,171 | 45,171 |
| Description | Amount |
|---|---|
| OTHER ADJUSTMENTS | 631 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK SERVICE FEES | 10 | 10 | ||
| AUTO REPAIRS | 10,024 | 10,024 | ||
| DISPLAY EXPENSE | 7,770 | 7,770 | ||
| INSURANCE | 35,061 | 35,061 | ||
| INTERNET & WEB SERVICES | 1,979 | 1,979 | ||
| MEAL & ENTERTAINMENT | 985 | 985 | ||
| MISCELLANEOUS | 1,938 | 1,938 | ||
| OFFICE EXPENSE | 2,560 | 2,560 | ||
| PROMOTIONAL EXPENSE | 7,005 | 7,005 | ||
| RENTAL EXPENSE | 740 | 740 | ||
| TRASH REMOVAL FEE | 1,444 | 1,444 | ||
| SECURITY SERVICE | 5,270 | 5,270 | ||
| SUPPLIES & PARTS | 44,132 | 44,132 | ||
| CONTRACTORS | 67,896 | 67,896 | ||
| TELEPHONE | 2,022 | 2,022 | ||
| DUES & SUBSCRIPTIONS | 11,770 | 11,770 | ||
| ENTRY FEES | 2,210 | 2,210 | ||
| FUEL EXPENSE | 3,795 | 3,795 | ||
| PREPARATION EXPENSE | 7,851 | 7,851 | ||
| APPAREL EXPENSE | 5,570 | 5,570 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Special Event Revenue |