| 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 |
|---|---|---|---|---|---|---|---|---|---|
| rental expenses | 0 | 0 | 0.00 | 6,000 | 6,000 | 6,000 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Land | 150,000 | 0 | 150,000 | 0 |
| Buildings | 2,000 | 0 | 2,000 | 0 |
| Leasehold improvements | 0 | 0 | 0 | 0 |
| Equipment | 145,000 | 0 | 145,000 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| sponsorship of beneficial fishing tournament | 2,000 | 2,000 | 2,000 | 2,000 |
| purchase of primary location of farm | 150,000 | 150,000 | 150,000 | 150,000 |
| Purchase of farm equipment | 25,000 | 25,000 | 25,000 | 25,000 |
| purchase of commercial boat | 45,000 | 45,000 | 45,000 | 45,000 |
| purchase of aircraft | 3,000 | 3,000 | 3,000 | 3,000 |
| parts and materials | 20,000 | 20,000 | 20,000 | 20,000 |
| Description | Amount |
|---|---|
| initial purchase of farm, plane, boat, trailer, farm equipment, materials | 212,960 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| Fruit | 1,000 | 0 | 1,000 |
| Name | Address |
|---|---|
| Polmerine Hamilton |
5300 Game Bird Lane Bokeelia,FL33922 |