| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Apple Orchard 30 Acres | 2003-12-20 | 75,000 | L | 0 | 0 | 0 | |||
| Adjoining Pasture Land 5 Acres | 2003-12-20 | 300,000 | L | 0 | 0 | 0 | |||
| Farm Bakery | 2003-12-20 | 135,273 | 135,273 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| Farm Cider Press | 2004-05-10 | 47,907 | 47,907 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| Field Mower | 2004-05-10 | 11,747 | 11,747 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| Tents | 2004-05-10 | 6,442 | 6,442 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| John Deere Gator | 2005-07-20 | 11,347 | 11,347 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| Generator | 2009-03-16 | 2,000 | 2,000 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| Roadside Stand | 2009-03-11 | 995 | 995 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| Welder | 2009-03-22 | 4,067 | 4,067 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| Wood Splitter | 2009-03-07 | 3,070 | 3,070 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| Two Tractors | 2009-06-16 | 5,000 | 5,000 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| Haying Equipment | 2009-10-19 | 4,399 | 4,399 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| Plasma Cutter | 2010-02-12 | 2,623 | 2,623 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| Tent | 2010-03-17 | 2,808 | 2,509 | PRE | 7.000000000000 | 0 | 0 | 0 | |
| Farm Stand | 2009-07-31 | 2,526 | 2,526 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| Steam Cleaner | 2010-03-10 | 2,795 | 2,795 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| Culvert Project | 2010-11-30 | 903 | 903 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| Hay Refurbishing | 2010-11-30 | 3,712 | 3,712 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| Land Clearing | 2010-12-31 | 33,820 | L | 0 | 0 | 0 | |||
| Hay Baler | 2012-06-30 | 18,000 | 7,346 | 150DB | 7.000000000000 | 1,103 | 0 | 2,571 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Apple Orchard 30 Acres | 75,000 | 0 | 75,000 | |
| Adjoining Pasture Land 5 Acres | 300,000 | 0 | 300,000 | |
| Farm Bakery | 135,273 | 135,273 | 0 | |
| Farm Cider Press | 47,907 | 47,907 | 0 | |
| Field Mower | 11,747 | 11,747 | 0 | |
| Tents | 6,442 | 6,442 | 0 | |
| John Deere Gator | 11,347 | 11,347 | 0 | |
| Generator | 2,000 | 2,000 | 0 | |
| Roadside Stand | 995 | 995 | 0 | |
| Welder | 4,067 | 4,067 | 0 | |
| Wood Splitter | 3,070 | 3,070 | 0 | |
| Two Tractors | 5,000 | 5,000 | 0 | |
| Haying Equipment | 4,399 | 4,399 | 0 | |
| Plasma Cutter | 2,623 | 2,623 | 0 | |
| Tent | 2,808 | 2,509 | 299 | |
| Farm Stand | 2,526 | 2,526 | 0 | |
| Steam Cleaner | 2,795 | 2,795 | 0 | |
| Culvert Project | 903 | 903 | 0 | |
| Hay Refurbishing | 3,712 | 3,712 | 0 | |
| Land Clearing | 33,820 | 0 | 33,820 | |
| Hay Baler | 18,000 | 17,449 | 551 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Maintenance | 535 | 0 | 535 | 535 |
| Utilities | 2,958 | 0 | 2,958 | 2,958 |
| Crops | 328 | 0 | 328 | 328 |
| Insurance | 1,729 | 0 | 1,729 | 1,729 |