| Person Name | Explanation |
|---|---|
| LARRY E LEESE | |
| SUE E KENNY |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 5650 AWD AGCO TRACTOR | 1998-04-28 | 21,000 | 21,000 | 150DB | 7.0000 | ||||
| 380 LOADER W 72" BUCKET | 1998-04-28 | 4,000 | 4,000 | 150DB | 7.0000 | ||||
| HARDEE OFFSET MOWER | 1998-04-28 | 4,250 | 4,250 | 150DB | 7.0000 | ||||
| LAND PRIDE 84" BLADE | 1998-04-28 | 750 | 750 | 150DB | 7.0000 | ||||
| POLARIS RANGER | 2004-08-14 | 8,700 | 8,700 | 150DB | 2.0000 | ||||
| SUPERIOR TRAILER | 2004-08-11 | 1,350 | 1,350 | 150DB | 2.0000 | ||||
| NEW HOLLAND TC48 | 2007-06-26 | 17,500 | 17,500 | 200DB | 5.0000 | ||||
| BOAT MOTOR | 2011-03-04 | 22,929 | 22,929 | 200DB | 7.0000 | ||||
| GARMIN 12" GPS | 2012-03-09 | 3,466 | 3,466 | 200DB | 5.0000 | ||||
| MERCURY 30HP BOAT MOTOR | 2012-04-14 | 4,400 | 4,400 | 200DB | 10.0000 | ||||
| 2012 VENTURE TRAILER | 2012-04-10 | 2,130 | 2,130 | 200DB | 5.0000 | ||||
| GARMIN 5" GPS | 2012-06-19 | 1,099 | 1,099 | 200DB | 5.0000 | ||||
| TRACTOR - CNH T4030 | 2014-06-14 | 40,971 | 200DB | 7.0000 | 1,463 | ||||
| LOADER - NH 825TL | 2014-06-14 | 7,346 | 200DB | 7.0000 | 7,346 | ||||
| OFFSET - RHINO DB150 | 2014-06-14 | 9,800 | 200DB | 7.0000 | 3,050 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| BUNDLE SALE | PURCHASE | 2014-08 | 12,000 | 25,000 | 12,000 | 25,000 | ||||
| HARDEE OFFSET MOWER | 1998-04 | PURCHASE | 2014-08 | 3,117 | 4,250 | 3,117 | 4,250 | |||
| NEW HOLLAND TC48 | 2007-06 | PURCHASE | 2014-08 | 10,500 | 17,500 | 10,500 | 17,500 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 102,941 | 56,683 | 46,258 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| PROFESSIONAL FEES | 503 | 503 | ||
| SUPPLIES | 5,512 | 5,512 | ||
| FEED | 4,868 | 4,868 | ||
| REPAIRS | 15,462 | 15,462 | ||
| FUEL | 1,287 | 1,287 | ||
| CONSERVATION EXPENSES | 16,868 | 16,868 | ||
| INSURANCE | 942 | 942 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| NOTE PAYABLE | 50,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT TAXES/LICENSES | 262 |