| 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 |
|---|---|---|---|---|---|---|---|---|---|
| TRACTOR | 2018-04-04 | 17,000 | 8,840 | 200DB | 5.000000000000 | 1,632 | 0 | ||
| WATER SYSTEM AND LAND IMPROVEMENTS | 2018-07-30 | 12,302 | 1,784 | 150DB | 15.000000000000 | 526 | 0 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| SALE OF TRACTOR | 2018-04 | PURCHASED | 2020-03 | 9,000 | COST | 0 | 2,472 | 10,472 | ||
| WATER SYSTEM | 2018-07 | PURCHASED | 2020-07 | COST | 0 | -9,992 | 2,310 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 1,428 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FARRIER SERVICE | 165 | 0 | 0 | |
| FEED/SUPPLIES | 27 | 0 | 0 | |
| HAY | 2,125 | 0 | 0 | |
| REPAIRS | 400 | 0 | 0 | |
| MISCELLANEOUS | 500 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| LOAN FROM GRANTS | 6,815 | 0 |