| 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 |
|---|---|---|---|---|---|---|---|---|---|
| STEARMAN AIRCRAFT | 2015-01-15 | 105,000 | 63,868 | M | 7 | 9,376 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AIRCRAFT FUEL AND PARTS | 663 | 0 | 0 | 0 |
| AIRCRAFT HANGAR RENT | 72,110 | 0 | 0 | 0 |
| AIRCRAFT REPAIRS AND MAINT | 979 | 0 | 0 | 0 |
| INSURANCE - GENERAL AND LIAB | 8,508 | 0 | 0 | 0 |
| LICENSES AND REGISTRATIONS | 230 | 0 | 0 | 0 |
| SECURITY | 39 | 0 | 0 | 0 |
| WEBSITE | 248 | 0 | 0 | 0 |
| PROMOTIONAL EXPENSE | 1,514 | 0 | 0 | 0 |
| UTILITIES | 2,216 | 0 | 0 | 0 |
| HANGAR MAINT AND SUPPLIES | 1,882 | 0 | 0 | 0 |
| PA SYSTEM FOR HANGAR | 350 | 0 | 0 | 0 |
| PARACHUTE REPACK EXP | 120 | 0 | 0 | 0 |
| GROUND EQUIPMENT AND MAINT | 343 | 0 | 0 | 0 |
| EDUCATION AND TRAINING | 313 | 0 | 0 | 0 |
| CHARITY EVENT EXPENSE | 1,765 | 0 | 0 | 0 |
| CHECK ORDER FEE | 44 | 0 | 0 | 0 |
| GASOLINE | 64 | 0 | 0 | 0 |
| SEWER PUMPING | 240 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION FEES | 300 | 0 | 0 | 0 |