| 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 |
|---|---|---|---|---|---|---|---|---|---|
| SOUND EQUIPMENT | 2011-06-23 | 1,650 | 236 | 200DB | 7.00 | 404 | |||
| WIRELESS MICROPHONE | 2012-01-06 | 306 | 200DB | 7.00 | 44 | ||||
| QuikBooks Software | 2012-01-07 | 197 | SL | 3.00 | 66 | ||||
| 30 Folding Chairs | 2012-02-26 | 490 | 200DB | 7.00 | 70 | ||||
| Computer | 2012-06-15 | 550 | 200DB | 5.00 | 110 | ||||
| 2 Computer Hard Drives | 2012-07-25 | 176 | 200DB | 5.00 | 35 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Sound Equipment | 1,650 | 640 | 1,010 | |
| Wireless Microphone | 306 | 44 | 262 | |
| Quickbooks Software | 197 | 66 | 131 | |
| 30 Folding Chairs | 490 | 70 | 420 | |
| Computer | 550 | 110 | 440 | |
| Computer Hard Drive | 176 | 35 | 141 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| STATE BUS. LIC. & PERMITS | 45 | |||
| DUES AND SUBSCRIPTIONS | 260 | |||
| GIFT | 67 | |||
| OFFICE SUPPLIES | 24 | |||
| WEBSITE | 300 |