| Description of Amortized Expenses | Date Acquired, Completed, or Expended | Amount Amortized | Deduction for Prior Years | Amortization Method | Current Year Amortization | Net Investment Income | Adjusted Net Income | Total Amount of Amortization |
|---|---|---|---|---|---|---|---|---|
| PRODUCTION COST | 2020-07-01 | 50,000 | 180.000000000000 | 1,667 | 0 | 1,667 | 1,667 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| STUDIO COST | 2020-07-01 | 12,500 | SL | 39.000000000000 | 147 | 0 | 147 | ||
| EQUIPMENT | 2020-07-01 | 12,500 | 200DB | 5.000000000000 | 2,500 | 0 | 1,250 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| STUDIO COST | 12,500 | 147 | 12,353 | 12,353 |
| PRODUCTION COST | 50,000 | 1,667 | 48,333 | 48,333 |
| EQUIPMENT | 12,500 | 2,500 | 10,000 | 10,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEE | 12,364 | 0 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONTRACTORS | 23,751 | 0 | 0 | 0 |
| AMORTIZATION | 1,667 | 0 | 1,667 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL LIABILITIES | 0 | 4,554 |
| Name | Address |
|---|---|
| WILLIAM L WALTON |
133 RUSH RIVER LANE WASHINGTON,VA22747 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAX | 1,254 | 0 | 0 | 0 |