| 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 | 88,063 | 44,583 | GDS | 005 | 9,719 | 9,719 | 9,719 |
| Identifier | Return Reference | Explanation |
|---|
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| EQUIPMENT | 88,063 | 54,302 | 33,761 | 33,761 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| RETIRED ASSET ADJ | 24,343 |
| Description | Amount |
|---|---|
| ADJUSTMENT ON ASSETS RETIRED | 24,333 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AUTO EXPENSE | 4,695 | 4,695 | 4,695 | 4,695 |
| DUES SUBSCRIPTIONS | 1,276 | 1,276 | 1,276 | 1,276 |
| OFFICE EXP | 6,767 | 6,767 | 6,767 | 6,767 |
| MISC EXP | 146 | 146 | 146 | 146 |
| PHONE EXP | 3,080 | 3,080 | 3,080 | 3,080 |
| INVESTMENT EXPENSE | 10,011 | 10,011 | 10,011 | 10,011 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Tax on investment income | 509 | 509 | 509 | 509 |