| 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 |
|---|---|---|---|---|---|---|---|---|---|
| BUILDING | 2019-11-30 | 325,000 | 1,042 | S/L | 39.0000 | 8,333 | |||
| FURNITURE & EQUIPMENT | 2019-11-30 | 5,084 | 5,084 | 200DB | 7.0000 | ||||
| BUILDING IMPROVEMENTS | 2020-12-31 | 44,441 | S/L | 39.0000 | 47 | ||||
| FURNITURE & EQUIPMENT | 2020-12-31 | 84,809 | 200DB | 7.0000 | 84,809 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING | 459,334 | 99,315 | 360,019 | 325,000 |
| FURNITURE & EQUIPMENT | 5,000 | |||
| BUILDING ADDITIONS | 44,500 | |||
| FURNITURE &^ EQUIPMENT | 84,800 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| UTILITIES | 3,596 | |||
| INSURANCE | 5,000 | |||
| SUPPLIES | 10,502 | |||
| REPAIRS & MAINTENANCE | 3,380 | |||
| FEES | 1,167 | |||
| OFFICE EXPENSE | 1,487 | |||
| FOOD | 2,063 | |||
| DONATIONS | 6,944 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER PROFESSIONAL | ||||
| PASTOR COMPENSATION | 16,000 |