| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT ACCOUNTING FEES | 300 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| CLASSROOM BUILDING | 2011-12-31 | 238,567 | 58,518 | S/L | 25.0000 | 9,543 | |||
| SIGN | 2012-01-23 | 838 | 838 | S/L | 5.0000 | ||||
| AWNING | 2012-03-13 | 2,975 | 2,577 | S/L | 7.0000 | 398 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING & EQUIP | 242,380 | 71,874 | 170,506 | 200,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| INSURANCE | 1,348 | |||
| BOARD EXPENSE | 119 | |||
| STUDENT T SHIRTS | 2,486 | |||
| SUPPLIES | 12 |