| 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 | 54,302 | GDS | 0000000005.000000000000 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| SALE OF VEHICLES | 2006-01 | P | 2012-07 | VANCE | 10,000 | 8,607 | 1,393 |
| Identifier | Return Reference | Explanation |
|---|
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| EQUIPMENT | 88,063 | 58,975 | 29,088 | 29,088 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AUTO EXPENSE | 3,187 | 3,187 | 3,187 | 3,187 |
| DUES SUBSCRIPTIONS | 553 | 553 | 553 | 553 |
| MISC. | 1,930 | 1,930 | 1,930 | 1,930 |
| OFFICE EXP | 5,503 | 5,503 | 5,503 | 5,503 |
| PHONE INTERNET EXP | 3,235 | 3,235 | 3,235 | 3,235 |
| INVESTMENT EXPENSE | 3,116 | 3,116 | 3,116 | 3,116 |
| Description | Amount |
|---|---|
| SALE OF ASSET ADJ. | 407 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Tax on investment income | 468 | 468 | 468 | 468 |
| MISC | 12 | 12 | 12 | 12 |