| 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 |
|---|---|---|---|---|---|---|---|---|---|
| furniture | 2014-06-16 | 287 | 252 | straight line | 7.00 | 35 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|
| Item No. | 1 |
|---|---|
| Lender's Name | Eugenia Cheng |
| Lender's Title | President |
| Original Amount of Loan | 35 |
| Balance Due | 0 |
| Date of Note | 2020-01 |
| Maturity Date | 2021-12 |
| Repayment Terms | repayment not required |
| Interest Rate | |
| Security Provided by Borrower | none |
| Purpose of Loan | to cover furniture depreciation |
| Description of Lender Consideration | subsidy |
| Consideration FMV | 3 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| photography | 100 | 0 | 0 | 0 |
| Recording | 180 | 0 | 0 | 0 |
| Piano tuning | 220 | 0 | 0 | 0 |