| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Shofar and Cover | 2003-01-27 | 250 | 212 | Straight Line Method | 20.000000 | 25 | 0 | 0 | |
| Books from Pastoral Family Christian Store | 2005-01-25 | 129 | 129 | Straight Line Method | 20.000000 | 26 | 0 | 0 | |
| Artificial Plants | 2005-01-27 | 21 | 15 | Straight Line Method | 20.000000 | 4 | 0 | 0 | |
| Table Cloth | 2005-01-27 | 60 | 45 | Straight Line Method | 20.000000 | 12 | 0 | 0 | |
| Books - Word of Life Korean | 2005-02-04 | 888 | 666 | Straight Line Method | 20.000000 | 178 | 0 | 0 | |
| 3 Flower Stands | 2005-03-26 | 74 | 55 | Straight Line Method | 20.000000 | 15 | 0 | 0 | |
| Books - Word of Life Korean | 2005-06-29 | 61 | 45 | Straight Line Method | 20.000000 | 12 | 0 | 0 | |
| Small Refrigerator - Black | 2012-10-04 | 195 | 156 | Straight Line Method | 10.000000 | 20 | 0 | 0 | |
| Office Furniture - Sofa, Love Seat, Chair; Black Leather | 2012-10-11 | 900 | 720 | Straight Line Method | 20.000000 | 90 | 0 | 0 | |
| Wall Art - Heavenly Fire | 2012-10-15 | 200 | 160 | Straight Line Method | 10.000000 | 20 | 0 | 0 | |
| Furniture - Glass Coffee Table | 2012-10-15 | 150 | 120 | Straight Line Method | 10.000000 | 15 | 0 | 0 | |
| Wall Art - Metal Crucifix | 2012-10-16 | 64 | 51 | Straight Line Method | 10.000000 | 6 | 0 | 0 | |
| Ladder - 3ft | 2012-10-23 | 138 | 110 | Straight Line Method | 10.000000 | 14 | 0 | 0 | |
| Wall Art - Eagle Sculpture | 2012-10-25 | 20 | 16 | Straight Line Method | 10.000000 | 2 | 0 | 0 | |
| Electrical Cables | 2012-11-16 | 59 | 47 | Straight Line Method | 10.000000 | 6 | 0 | 0 | |
| Portable Sound System | 2019-06-04 | 298 | 99 | Straight Line Method | 3.000000 | 99 | 0 | 0 | |
| CD Player | 2019-06-15 | 171 | 57 | Straight Line Method | 3.000000 | 57 | 0 | 0 | |
| Computer Printer | 2019-07-03 | 365 | 73 | Straight Line Method | 5.000000 | 219 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| No land or buildings, just church equipment. See Part 1, Line 19 "Depreciation" attached list of ite | 2,042 | 3,222 | 2,042 | 819 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| deleted | 0 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Start-up of S. Korean "Heaven on Earth Mission Center"- Audio/Visual Eq. including; 2 Used TV Monito | 916 | 0 | 0 | 916 |
| Start-up of S. Korean "Heaven on Earth Mission Center"- Books, Bibles, Reading Material | 259 | 0 | 0 | 259 |
| Start-up of S. Korean "Heaven on Earth Mission Center"- Crystal Pulpit | 909 | 0 | 0 | 909 |
| Start-up of S. Korean "Heaven on Earth Mission Center"- Equipment, Heating and Cooling; Dehumidifier | 301 | 0 | 0 | 301 |
| Start-up of S. Korean "Heaven on Earth Mission Center"- Furniture, including 2 Desks ($200), 2 Leath | 749 | 0 | 0 | 749 |
| Start-up of S. Korean "Heaven on Earth Mission Center"- Kitchen Appliances including: Refrigerator | 874 | 0 | 0 | 874 |
| Start-up of S. Korean "Heaven on Earth Mission Center"- Various Kitchen Utensils, pots and pans, dis | 221 | 0 | 0 | 221 |
| Start-up of S. Korean "Heaven on Earth Mission Center"- Artificial plants, flowers, vases, etc. | 536 | 0 | 0 | 536 |
| Start-up of S. Korean "Heaven on Earth Mission Center"- Misc: Fire Extinguisher ($36), Window Screen | 53 | 0 | 0 | 53 |
| College curriculum, ISOM - Korean language, Semesters 2 & 3, videos, workbooks, exams on USB drive | 879 | 0 | 0 | 879 |
| Heaven on Earth Mission Center"- Lunches following church services, hosting, hospitality | 1,587 | 0 | 0 | 1,587 |
| "Heaven on Earth Mission Center"- Auto fuel, taxi service (Korea) | 205 | 0 | 0 | 205 |
| Bank Charges, Foreign transaction fees | 55 | 0 | 0 | 55 |
| Google Storage (college and church material) | 64 | 0 | 0 | 64 |
| Other Misc. Church and College (petty cash transactions, consumables) | 140 | 0 | 0 | 140 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Bible College tuitions rec'd | 1,500 | 0 | 0 |
| Bible College student fees | 381 | 0 | 0 |
| English classes at church (tuition and fees) | 455 | 0 | 0 |
| Description | Amount |
|---|---|
| deleted | 0 |
| Start-up equipment bought in 2020 for mission in S. Korea (Heaven on Earth Mission Center) owned by | 3,916 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Arizona Corporation Commission Document fee | 10 | 0 | 0 | 10 |