| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 2,088 | 0 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| COMPUTER EQUIPMENT | 2012-06-15 | 4,398 | 1,320 | SL | 5.000000000000 | 880 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BRUCE FUND | 53,099 | 71,293 |
| CANADIAN NAT'L RAILROAD | 98,067 | 179,166 |
| DODGE & COX INTL FD SHARES | 188,262 | 223,685 |
| DODGE & COX STOCK FUND SHARES | 190,093 | 311,169 |
| FAIRHOLME FUND SHARES | 0 | 0 |
| GROWTH FD OF AMERICA SHARES | 216,168 | 280,520 |
| NOVARTIS | 250,606 | 384,539 |
| SELECTED AMER SHARES | 155,162 | 166,913 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| I SHARE SILVER TRUST | AT COST | 710,820 | 710,820 |
| SPDR GOLD TRUST | AT COST | 560,656 | 560,656 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| COMPUTER EQUIPMENT | 4,398 | 2,200 | 2,198 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSE | 559 | 0 | 0 | |
| INSURANCE | 500 | 0 | 0 | |
| MICHIGAN REGISTRATION FEE | 20 | 0 | 0 | |
| TRASPORTATION | 4,460 | 0 | 0 | |
| TELEPHONE | 3,110 | 0 | 0 | |
| ADVERTISING | 2,500 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BROKERAGE FEES | 31 | 31 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 2,302 | 2,302 | 0 |