| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 2012 TOYOTA CAMRY | 2013-02-15 | 25,237 | 3,160 | 200DB | 5.000000000000 | 5,100 | 5,047 | 5,047 | |
| TELEPHONE SYSTEM | 2014-11-05 | 2,464 | 200DB | 5.000000000000 | 493 | 0 | 82 | ||
| 2014 TOYOTA CAMRY | 2014-07-08 | 22,597 | 200DB | 5.000000000000 | 4,519 | 0 | 2,260 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 2012 TOYOTA CAMRY | 25,237 | 8,260 | 16,977 | |
| TELEPHONE SYSTEM | 2,464 | 493 | 1,971 | |
| 2014 TOYOTA CAMRY | 22,597 | 4,519 | 18,078 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL AND PROFESSIONAL FEES | 7,491 | 0 | 0 | 7,491 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK SERVICES CHARGES | 71 | 0 | 0 | 71 |
| BUSINESS FEES | 1,450 | 0 | 0 | 1,450 |
| POSTAGE | 285 | 0 | 0 | 285 |
| OFFICE SUPPLIES | 4,367 | 0 | 0 | 4,425 |
| ADVERTISING | 510 | 0 | 0 | 510 |
| Name | Address |
|---|---|
| PALMER AMERICAN HOLDING |
PO BOX 399 GARDEN CITY,KS67846 |
| AMERICAN WARRIOR |
PO BOX 399 GARDEN CITY,KS67846 |
| CECIL O'BRATE |
PO BOX 399 GARDEN CITY,KS67846 |