| 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 |
|---|---|---|---|---|---|---|---|---|---|
| HOUSE | 2012-01-18 | 57,320 | 7,208 | S/L | 27.5000 | 2,085 | |||
| LAND | 2012-01-18 | 12,000 | |||||||
| CONSTRUCTION | 2012-07-30 | 35,219 | 6,848 | S/L | 15.0000 | 2,348 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 92,539 | 18,489 | 74,050 | ||
| 12,000 | 12,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| BANK CHARGES | 144 | |||
| FAMILY RELIEF PROGRAM | 7,958 | 7,958 | ||
| UTILITIES | 202 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT TAXES/LICENSES | 374 |