| Description of Amortized Expenses | Date Acquired, Completed, or Expended | Amount Amortized | Deduction for Prior Years | Amortization Method | Current Year Amortization | Net Investment Income | Adjusted Net Income | Total Amount of Amortization |
|---|---|---|---|---|---|---|---|---|
| IMPROV | 2017-01-16 | 52,951 | 3,530 | 15.0000 | 3,530 | 3,530 | 3,530 | 7,060 |
| 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 | 2017-01-16 | 283,438 | 9,448 | S/L | 27.5000 | 10,307 | 10,307 | 10,307 | |
| LAND | 2017-01-26 | 31,000 | |||||||
| NEW HEATER & AC | 2018-03-26 | 8,370 | 200DB | 7.0000 | 8,370 | 8,370 | 8,370 | ||
| APPLIANCES | 2018-02-09 | 2,542 | 200DB | 7.0000 | 2,542 | 2,542 | 2,542 | ||
| TILE | 2018-01-10 | 1,737 | 200DB | 7.0000 | 1,737 | 1,737 | 1,737 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 351,833 | 39,495 | 312,338 | ||
| 31,000 | 31,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| RENT | ||||
| UTILITIES | 1,051 | 1,051 | 1,051 | |
| ASSOCIATION DUES | 215 | 215 | 215 | |
| LANDSCAPING & SNOW PLOWING | 1,952 | 1,952 | 1,952 | |
| REPAIR & MAINTENANCE | 4,267 | 4,267 | 4,267 | |
| EXPENSES | ||||
| BANK CHARGES | ||||
| UTILIETS | ||||
| ASSOCIATION DUES |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| IRS | ||||
| RENT | 10,035 | 10,035 | 10,035 |