| 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 |
|---|---|---|---|---|---|---|---|---|---|
| AIRCRAFT | 2010-07-23 | 1,361,200 | 707,824 | M5 | 261,350 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| AIRCRAFT | 1,361,200 | 969,174 | 392,026 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| HANGER RENTAL | 33,600 | 33,600 | ||
| INSURANCE | 13,347 | 13,347 | ||
| AUTOMOBILE EXPENSE | 777 | 777 | ||
| MEDICAL & PATIENT EXPENSE | 16,539 | 16,539 | ||
| FEES | 1,247 | 1,247 | ||
| OFFICE | 2,327 | 2,327 | ||
| FLIGHT CHARGES | 151,422 | 151,422 | ||
| AIRCRAFT REPAIRS & MAINTENANCE | 107,228 | 107,228 | ||
| AIRPLANE FEES | 67,619 | 67,619 | ||
| AIRPLANE FUEL | 52,383 | 52,383 | ||
| FLIGHT TRAINING | 50 | 50 | ||
| BANK FEES | 30 | 30 | ||
| TRAVEL & LODGING | 86,405 | 86,405 | ||
| ADVERTISING | 238 | 238 | ||
| LEASE | 27,172 | 27,172 | ||
| PATIENT LIBRARY | 5,879 | 5,879 | ||
| TELEPHONE | 67 | 67 | ||
| UTILITIES | 989 | 989 |