| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 1,500 | 300 | 1,200 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| FAXITRON XRAY | 1999-04-16 | 39,323 | 39,323 | S/L | 7.0000 | ||||
| SHARP LCD PROJECTOR | 2001-05-11 | 3,240 | 3,240 | 200DB | 5.0000 | ||||
| STORAGE FREEZERS | 2001-02-02 | 2,484 | 2,484 | 200DB | 7.0000 | ||||
| LAB EQUIPMENT | 2001-07-24 | 4,883 | 4,883 | 200DB | 7.0000 | ||||
| 2 LAB FREEZERS | 2003-04-07 | 9,602 | 9,602 | 200DB | 7.0000 | ||||
| HP COMPUTER SYSTEM | 2009-07-15 | 2,323 | 2,323 | S/L | 5.0000 | ||||
| NUAIRE INCUBATOR-LABORATORY | 2009-10-15 | 8,112 | 6,084 | S/L | 7.0000 | 1,159 | |||
| EQUIPMENT | 2010-01-21 | 13,696 | 13,301 | 200DB | 5.0000 | 395 | |||
| COMPUTER | 2010-12-04 | 3,114 | 3,114 | 200DB | 5.0000 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| DEPRECIABLE ASSETS | 86,777 | 85,908 | 869 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 3,750 | 750 | 3,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| RESEARCH AND DEVELOPMENT | 26,205 | 26,205 | ||
| FEES, APPLICATIONS, DUES | 2,881 | 2,881 | ||
| TELEPHONE | 2,255 | 2,255 | ||
| OFFICE EXPENSE | 845 | 845 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| STATE TAXES | 120 | 120 |