| 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 |
|---|---|---|---|---|---|---|---|---|---|
| BUILDING | 2014-01-01 | 493,000 | 12,133 | MACRS 39 YR | 39 | 12,641 | 0 | 0 | |
| FURNITURE | 2014-01-01 | 14,888 | 2,127 | MACRS 7 YR 200% | 7 | 3,646 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING | 493,000 | 24,774 | 468,226 | 632,188 |
| FURNITURE | 14,888 | 5,773 | 9,115 | 12,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 3,500 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CHURCH OF USA MEMBERSHIP FEE | 396 | 0 | 0 | 0 |