| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 2017 CHEVROLET VAN | 2018-01-01 | 23,444 | 7,033 | SL | 20.00 % | 4,689 | |||
| FURNITURE & FIXTURES | 2018-01-01 | 48,362 | 7,254 | SL | 10.00 % | 4,836 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Auto./Transportation Equip. | 23,444 | 11,722 | 11,722 | 47,994 |
| Furniture and Fixtures | 48,362 | 12,090 | 36,272 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK CHARGES | 25 | 25 | ||
| DUES/MEMBERSHIPS | 74 | 74 | ||
| INSURANCE | 1,260 | 1,260 | ||
| MAINTENANCE SUPPLIES | 1,248 | 1,248 | ||
| OFFICE EXPENSE | 1,212 | 1,212 | ||
| OUTSIDE SERVICES | 6,828 | 6,828 | ||
| PEST CONTROL | 461 | 461 | ||
| STORAGE | 599 | 599 | ||
| TEACHING MATERIALS | 6,203 | 1,808 | ||
| TELEPHONE | 362 | 362 | ||
| UTILITIES | 2,798 | 2,798 | ||
| VOLUNTEER EXPENSE | 168 | 168 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| TUITION & BOOKS | 8,717 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL & PROFESSIONAL | 595 | 0 | 0 | 595 |
| Name | Address |
|---|---|
| PATTI AND ERVIN HOWELL |
124 PECAN LAKE DRIVE SHARPSBURG,GA30277 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY TAX | 1,849 | 1,849 |