| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Apple Orchard 30 Acres | 2003-12-20 | 75,000 | L | 0 | 0 | 0 | |||
| Adjoining Pasture Land 5 Acres | 2003-12-20 | 300,000 | L | 0 | 0 | 0 | |||
| Farm Bakery | 2003-12-20 | 135,273 | 135,273 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| Farm Cider Press | 2004-05-10 | 47,907 | 47,907 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| Field Mower | 2004-05-10 | 11,747 | 11,747 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| Tents | 2004-05-10 | 6,442 | 6,442 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| F350 Truck | 2005-08-05 | 38,670 | 38,670 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| John Deere Gator | 2005-07-20 | 11,347 | 11,347 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| Generator | 2009-03-16 | 2,000 | 1,892 | 150DB | 7.000000000000 | 108 | 0 | 108 | |
| Roadside Stand | 2009-03-11 | 995 | 941 | 150DB | 7.000000000000 | 54 | 0 | 54 | |
| Welder | 2009-03-22 | 4,067 | 3,848 | 150DB | 7.000000000000 | 219 | 0 | 219 | |
| Wood Splitter | 2009-03-07 | 3,070 | 2,905 | 150DB | 7.000000000000 | 165 | 0 | 165 | |
| Two Tractors | 2009-06-16 | 5,000 | 4,316 | 150DB | 7.000000000000 | 608 | 0 | 684 | |
| Haying Equipment | 2009-10-19 | 4,399 | 3,660 | 150DB | 7.000000000000 | 537 | 0 | 628 | |
| Plasma Cutter | 2010-02-12 | 2,623 | 2,024 | 150DB | 7.000000000000 | 319 | 0 | 375 | |
| Tent | 2010-03-17 | 2,808 | 2,167 | 150DB | 7.000000000000 | 342 | 0 | 401 | |
| Farm Stand | 2009-07-31 | 2,526 | 2,180 | 150DB | 7.000000000000 | 308 | 0 | 346 | |
| Steam Cleaner | 2010-03-10 | 2,795 | 2,157 | 150DB | 7.000000000000 | 340 | 0 | 399 | |
| Culvert Project | 2010-11-30 | 903 | 627 | 150DB | 7.000000000000 | 110 | 0 | 129 | |
| Hay Refurbishing | 2010-11-30 | 3,712 | 2,576 | 150DB | 7.000000000000 | 454 | 0 | 530 | |
| Land Clearing | 2010-12-31 | 33,820 | L | 0 | 0 | 0 | |||
| Hay Baler | 2012-06-30 | 18,000 | 4,039 | 150DB | 7.000000000000 | 1,102 | 0 | 2,571 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Apple Orchard 30 Acres | 75,000 | 0 | 75,000 | |
| Adjoining Pasture Land 5 Acres | 300,000 | 0 | 300,000 | |
| Farm Bakery | 135,273 | 135,273 | 0 | |
| Farm Cider Press | 47,907 | 47,907 | 0 | |
| Field Mower | 11,747 | 11,747 | 0 | |
| Tents | 6,442 | 6,442 | 0 | |
| John Deere Gator | 11,347 | 11,347 | 0 | |
| Generator | 2,000 | 2,000 | 0 | |
| Roadside Stand | 995 | 995 | 0 | |
| Welder | 4,067 | 4,067 | 0 | |
| Wood Splitter | 3,070 | 3,070 | 0 | |
| Two Tractors | 5,000 | 4,924 | 76 | |
| Haying Equipment | 4,399 | 4,197 | 202 | |
| Plasma Cutter | 2,623 | 2,343 | 280 | |
| Tent | 2,808 | 2,509 | 299 | |
| Farm Stand | 2,526 | 2,488 | 38 | |
| Steam Cleaner | 2,795 | 2,497 | 298 | |
| Culvert Project | 903 | 737 | 166 | |
| Hay Refurbishing | 3,712 | 3,030 | 682 | |
| Land Clearing | 33,820 | 0 | 33,820 | |
| Hay Baler | 18,000 | 14,141 | 3,859 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Maintenance | 14,006 | 0 | 14,006 | 14,006 |
| Animal Expense | 17,368 | 0 | 17,368 | 17,368 |
| Apple Orchard Support | 732 | 0 | 732 | 732 |
| Insurance | 7,555 | 0 | 7,555 | 7,555 |
| Utilities | 9,591 | 0 | 9,591 | 9,591 |
| Farm costs | 10,557 | 0 | 10,557 | 10,557 |
| Fuel | 2,750 | 0 | 2,750 | 2,750 |
| Property management | 9,309 | 0 | 9,309 | 9,309 |
| Office | 1,158 | 0 | 1,158 | 1,158 |
| Shipping | 129 | 0 | 129 | 129 |
| Professional Fees | 614 | 0 | 614 | 614 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Gross Income from Special Fundraising Events | 25,648 | 25,648 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Property Taxes | 984 | 0 | 984 | 984 |