| Person Name | Explanation |
|---|---|
| SUSAN J PEIRCE | |
| DAVID PEIRCE |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| EQUIPMENT | 2011-09-06 | 10,400 | 1,981 | S/L | 7.0000 | 1,486 | 1,486 | ||
| RANCH | 2012-05-31 | 2,210,237 | |||||||
| RANCH BUILDING AND IMPROVEMENTS | 2012-05-31 | 6,649 | 99 | S/L | 39.0000 | 171 | 171 | ||
| 2000 DODGE RAM TRUCK | 2012-05-24 | 11,684 | 974 | S/L | 7.0000 | 1,669 | 1,669 | ||
| HARROW | 2012-12-17 | 970 | S/L | 7.0000 | 139 | 139 | |||
| 1993 TURNBOW 2-HORSE TRAILER | 2012-05-26 | 2,500 | 292 | S/L | 5.0000 | 500 | 500 | ||
| 2007 SUNDOWNER 3-HORSE TRAILER | 2012-11-20 | 15,000 | 125 | S/L | 10.0000 | 1,500 | 1,500 | ||
| FLOORING | 2013-03-29 | 2,000 | S/L | 39.0000 | 41 | 41 | |||
| ISOLATION BARN | 2013-05-01 | 3,600 | 200DB | 7.0000 | 514 | 514 | |||
| MISTING SYSTEM | 2013-07-05 | 4,191 | 200DB | 7.0000 | 599 | 599 | |||
| PATIO FURNITURE | 2013-05-01 | 1,636 | 200DB | 7.0000 | 234 | 234 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 58,630 | 10,324 | 48,306 | 47,203 | |
| 2,210,237 | 2,210,237 | 2,210,237 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EVENTS | ||||
| PARTY FURNITURE AND EQUIPMENT | 19,560 | 19,560 | ||
| POSTAGE | 327 | 327 | ||
| DECORATIONS AND PRIZES | 2,390 | 2,390 | ||
| UNIFORMS | 1,530 | 1,530 | ||
| OTHER | 1,718 | 1,718 | ||
| SUPPLIES | 4,138 | 4,138 | ||
| ADVERTISING | 1,589 | 1,589 | ||
| EXPENSES | ||||
| ADMINISTRATIVE | 10,686 | 10,686 | ||
| AUTO, TRAILOR AND TRACTOR | 14,558 | 14,558 | ||
| BANK AND MERCHANT CHARGES | 4,776 | 4,776 | ||
| BUSINESS REGISTRATION FEES | 122 | 122 | ||
| BOARDING AND TRAINING | 98,062 | 53,934 | 44,128 | |
| FARRIER | 9,080 | 4,994 | 4,086 | |
| INSURANCE | 1,210 | 1,210 | ||
| STABLE MAINTENANCE SERVICE | 116,226 | 63,924 | 52,302 | |
| SUPPLIES - FEED | 31,365 | 17,251 | 14,114 | |
| SUPPLIES - BEDDING | 64,148 | 35,281 | 28,867 | |
| SUPPLIES - HAY | 148,620 | 81,741 | 66,879 | |
| SUPPLIES - OTHER | 11,018 | 11,018 | ||
| VETERINARY | 64,239 | 64,239 | ||
| PRINTING AND POSTAGE | 9,810 | 9,810 | ||
| FUNDRAISING EVENTS | 30,172 | 30,172 | ||
| OTHER | 1,961 | 1,961 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ADOPTION FEES | 15,500 | 15,500 | |
| EVENTS | 155,490 | 155,490 | |
| BOARDING | 172,600 | 172,600 | |
| DAY CARE | 10,800 | 10,800 | |
| TRAINING | 16,055 | 16,055 | |
| LESSONS | 1,845 | 1,845 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| MORTGAGE PAYABLE | 1,325,000 | 1,225,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EVENTS | 23,163 | 23,163 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| FUNDRAISING MERCHANDISE | 16,593 | 12,871 | 3,722 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY TAX | 32,583 | 8,146 | 24,437 | |
| FEDERAL TAX | 4,424 | 4,424 | ||
| STATE TAX AND FEES | 2,764 | 2,764 |