| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 1,985 | 0 | 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 |
|---|---|---|---|---|---|---|---|---|---|
| LAND | 1996-11-13 | 22,500 | L | 0 | 0 | 0 | |||
| BUILDING | 1996-11-13 | 70,000 | 33,071 | SL | 39.000000000000 | 1,795 | 0 | 1,795 | |
| BUILDING IMPROVEMENTS | 1996-11-13 | 3,400 | 1,602 | SL | 39.000000000000 | 87 | 0 | 87 | |
| BUILDING IMPROVEMENTS | 2004-11-30 | 7,263 | 1,961 | SL | 39.000000000000 | 186 | 0 | 186 | |
| TRACTOR | 2005-11-30 | 9,995 | 9,995 | 200DB | 7.000000000000 | 0 | 0 | 0 | |
| APPLIANCES | 2008-10-01 | 1,088 | 1,088 | 200DB | 5.000000000000 | 0 | 0 | 0 | |
| TRAILER | 2008-10-01 | 885 | 841 | 200DB | 7.000000000000 | 44 | 0 | 44 | |
| BUILDING ADDITIONS | 2009-06-01 | 21,672 | 3,081 | SL | 39.000000000000 | 556 | 0 | 556 | |
| RANGE | 2010-08-01 | 1,088 | 845 | 200DB | 7.000000000000 | 97 | 0 | 155 | |
| FAX MACHINE | 2010-08-01 | 120 | 113 | 200DB | 5.000000000000 | 7 | 0 | 4 | |
| THIRD HOUSE | 2011-05-31 | 73,989 | 7,588 | SL | 39.000000000000 | 1,897 | 0 | 1,897 | |
| HOUSE AND PROPERTY | 2010-06-01 | 194,137 | 24,682 | SL | 39.000000000000 | 4,978 | 0 | 4,978 | |
| LAND | 2010-06-01 | 48,534 | L | 0 | 0 | 0 | |||
| 2012 F-150 | 2011-12-14 | 19,826 | 200DB | 5.000000000000 | 0 | 0 | 3,965 | ||
| FENCE | 2011-06-23 | 9,200 | 150DB | 20.000000000000 | 0 | 0 | 460 | ||
| FURNACE AND AIR CONDITIONER | 2012-05-16 | 7,555 | 3,124 | 200DB | 5.000000000000 | 435 | 0 | 1,511 | |
| EQUIPMENT | 2013-06-19 | 15,200 | 2,947 | 200DB | 7.000000000000 | 1,329 | 0 | 2,171 | |
| VEHICLE | 2015-01-12 | 23,773 | 200DB | 5.000000000000 | 5,045 | 0 | 4,755 | ||
| LOG SPLITTER | 2015-10-31 | 950 | 200DB | 7.000000000000 | 543 | 0 | 79 | ||
| CHAIN SAW | 2016-05-31 | 440 | 200DB | 7.000000000000 | 251 | 0 | 0 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND | 22,500 | 0 | 22,500 | |
| BUILDING | 70,000 | 34,866 | 35,134 | |
| BUILDING IMPROVEMENTS | 3,400 | 1,689 | 1,711 | |
| BUILDING IMPROVEMENTS | 7,263 | 2,147 | 5,116 | |
| TRACTOR | 9,995 | 9,995 | 0 | |
| APPLIANCES | 1,088 | 1,088 | 0 | |
| TRAILER | 885 | 885 | 0 | |
| BUILDING ADDITIONS | 21,672 | 3,637 | 18,035 | |
| RANGE | 1,088 | 942 | 146 | |
| FAX MACHINE | 120 | 120 | 0 | |
| THIRD HOUSE | 73,989 | 9,485 | 64,504 | |
| HOUSE AND PROPERTY | 194,137 | 29,660 | 164,477 | |
| LAND | 48,534 | 0 | 48,534 | |
| 2012 F-150 | 19,826 | 19,826 | 0 | |
| FENCE | 9,200 | 9,200 | 0 | |
| FURNACE AND AIR CONDITIONER | 7,555 | 7,337 | 218 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT LEGAL FEES | 1,853 | 0 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| REPAIRS & MAINTENANCE | 13,053 | 0 | 0 | 0 |
| INSURANCE | 14,382 | 0 | 0 | 0 |
| VETERINARY EXPENSES | 3,470 | 0 | 0 | 0 |
| ANIMAL FOOD | 5,770 | 0 | 0 | 0 |
| MICHIGAN ANNUAL REPORT | 345 | 0 | 0 | 0 |
| UTILITIES | 4,014 | 0 | 0 | 0 |
| POSTAGE | 72 | 0 | 0 | 0 |
| TRAVEL EXPENSE | 482 | 0 | 0 | 0 |
| OFFICE SUPPLIES | 123 | 0 | 0 | 0 |
| BANK SERVICE CHARGES | 100 | 0 | 0 | 0 |
| MISCELLANEOUS | 686 | 0 | 0 | 0 |
| Name | Address |
|---|---|
| GERALD JENKINS |
13990 FAIRMONT DR RAPID CITY,MI49676 |