| 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 |
|---|---|---|---|---|---|---|---|---|---|
| OFFICE FURNITURE | 2001-05-01 | 80 | 80 | 200DB | 7.00 | ||||
| RV | 2002-07-01 | 64,000 | 64,000 | SL | 10.00 | ||||
| OFFICE FURNITURE | 2003-03-01 | 210 | 209 | 200DB | 7.00 | ||||
| FORD TRUCK | 2004-01-01 | 22,705 | 22,705 | 200DB | 5.00 | ||||
| SAFE | 2004-11-01 | 1,694 | 1,694 | 200DB | 7.00 | ||||
| FORD TRUCK | 2004-12-01 | 41,886 | 41,886 | 200DB | 5.00 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| FORD TRUCK | 2004-01 | 2014-02 | 22,705 | 22,705 | ||||||
| FORD TRUCK | 2004-12 | 2014-02 | 12,000 | 41,886 | 12,000 | 41,886 |
| Item No. | 1 |
|---|---|
| Borrower's Name | TERRENCE BAKER |
| Borrower's Title | PRESIDENT |
| Original Amount of Loan | 6000 |
| Balance Due | 4779 |
| Date of Note | 2002-01 |
| Maturity Date | |
| Repayment Terms | 100 PER MONTH |
| Interest Rate | 0 |
| Security Provided by Borrower | NONE |
| Purpose of Loan | IRS AUDIT CHANGE |
| Description of Lender Consideration | EXPENSES ALLOCATED |
| Consideration FMV |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| VEHICLE EXPENSES | 1,701 | |||
| POSTAGE | 1 |