| 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 |
|---|---|---|---|---|---|---|---|---|---|
| RESIDENTIAL HOUSE | 2016-08-10 | 418,200 | 20,910 | SL | 27.500000000000 | 15,207 | 0 | 15,207 | |
| LAND | 2016-08-10 | 73,800 | L | 0 | 0 | 0 | |||
| BUILDING CLOSING COSTS | 2016-08-10 | 4,474 | 224 | SL | 27.500000000000 | 163 | 0 | 163 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| RESIDENTIAL HOUSE | 418,200 | 36,117 | 382,083 | |
| LAND | 73,800 | 0 | 73,800 | |
| BUILDING CLOSING COSTS | 4,474 | 387 | 4,087 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 5,545 | 0 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK CHARGES | 6,377 | 0 | 0 | 0 |
| INSURANCE EXPENSE | 3,191 | 0 | 0 | 0 |
| LICENSES AND FEES | 125 | 0 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| BANK OVERDRAFT | 34,722 | 92,694 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTING FEES | 150,820 | 0 | 0 | 0 |