| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 2017 CHEVROLET VAN | 2018-01-01 | 23,444 | SL | 10.00 % | 2,344 | ||||
| FURNITURE & FIXTURES | 2018-01-01 | 48,362 | SL | 5.00 % | 2,418 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Auto./Transportation Equip. | 23,444 | 2,344 | 21,100 | 21,100 |
| Furniture and Fixtures | 48,362 | 2,418 | 45,944 | 45,944 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AUTO | 1,486 | 1,486 | ||
| CLEANING | 3,254 | 3,254 | ||
| CONTRACT LABOR | 1,012 | 1,012 | ||
| DUES | 152 | 152 | ||
| INSURANCE | 1,701 | 1,701 | ||
| OFFICE EXPENSE | 176 | 176 | ||
| PEST CONTROL | 236 | 236 | ||
| PROPERTY MAINTENANCE | 3,508 | 3,508 | ||
| SCHOOL FUNCTIONS | 746 | 746 | ||
| SCHOOL SUPPLIES | 3,475 | 3,475 | ||
| STORAGE | 700 | 700 | ||
| TEACHING MATERIALS | 934 | 934 | ||
| TELEPHONE | 1,830 | 1,830 | ||
| UTILITIES | 2,037 | 2,037 | ||
| VOLUNTEER EXPENSE | 297 | 297 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| TUITION | 8,240 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL & PROCESSIONAL FEES | 450 | 0 | 0 | 450 |
| Name | Address |
|---|---|
| DR JOHN VANSANT |
122 JOY LANE BLAIRSVILLE,GA30512 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAXES & LICENSES | 1,779 | 1,779 |