| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LAND PRIDE 84" BLADE | 1998-04-28 | 750 | 750 | 150DB | 7.0000 | ||||
| POLARIS RANGER | 2004-08-14 | 8,700 | 8,700 | 150DB | 2.0000 | ||||
| SUPERIOR TRAILER | 2004-08-11 | 1,350 | 1,350 | 150DB | 2.0000 | ||||
| BOAT MOTOR | 2011-03-04 | 22,929 | 22,929 | 200DB | 7.0000 | ||||
| GARMIN 12" GPS | 2012-03-09 | 3,466 | 3,466 | 200DB | 5.0000 | ||||
| MERCURY 30HP BOAT MOTOR | 2012-04-14 | 4,400 | 4,400 | 200DB | 10.0000 | ||||
| 2012 VENTURE TRAILER | 2012-04-10 | 2,130 | 2,130 | 200DB | 5.0000 | ||||
| GARMIN 5" GPS | 2012-06-19 | 1,099 | 1,099 | 200DB | 5.0000 | ||||
| TRACTOR - CNH T4030 | 2014-06-14 | 40,971 | 30,687 | 200DB | 7.0000 | 3,577 | |||
| LOADER - NH 825TL | 2014-06-14 | 7,346 | 7,346 | 200DB | 7.0000 | ||||
| OFFSET - RHINO DB150 | 2014-06-14 | 9,800 | 8,043 | 200DB | 7.0000 | 611 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| POLARIS RANGER | 2004-08 | PURCHASE | 2019-08 | 2,000 | 8,700 | 2,000 | 8,700 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 94,241 | 86,388 | 7,853 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| PROFESSIONAL FEES | 416 | 416 | ||
| SUPPLIES | 2,844 | 2,844 | ||
| FEED | 7,738 | 7,738 | ||
| REPAIRS | 7,275 | 7,275 | ||
| FUEL | 820 | 820 | ||
| CONSERVATION EXPENSES | 4,000 | 4,000 | ||
| INSURANCE | 304 | 304 | ||
| RENT | 650 | 650 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| NOTE PAYABLE | 10,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT TAXES/LICENSES | 363 |