| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 2,000 | 0 | 2,000 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| WXPZ-FM 2 LICENSE | 2014-01-01 | 55,000 | 9,510 | 480.000000000000 | 1,375 | 0 | 10,885 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| WXPZ ANTENNA | 2014-01-01 | 22,368 | 19,170 | SL | 7.000000000000 | 3,195 | 0 | ||
| WPRR TRANSMITTER | 2014-01-08 | 3,938 | 3,378 | SL | 7.000000000000 | 560 | 0 | ||
| WPRR PC SOUND CARD | 2015-12-22 | 1,194 | 956 | SL | 5.000000000000 | 238 | 0 | ||
| ENCO SOFTWARE | 2016-09-01 | 9,639 | 6,427 | SL | 5.000000000000 | 1,928 | 0 | ||
| SWITCHER -4X4 ACTIVE STERIO SWITCHER | 2017-06-14 | 1,733 | 896 | SL | 5.000000000000 | 347 | 0 | ||
| COMPUTER AND SOUND CARD | 2018-01-24 | 683 | 262 | SL | 5.000000000000 | 137 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| WXPZ ANTENNA | 22,368 | 22,365 | 3 | |
| WPRR TRANSMITTER | 3,938 | 3,938 | 0 | |
| WPRR PC SOUND CARD | 1,194 | 1,194 | 0 | |
| ENCO SOFTWARE | 9,639 | 8,355 | 1,284 | |
| SWITCHER -4X4 ACTIVE STERIO SWITCHER | 1,733 | 1,243 | 490 | |
| COMPUTER AND SOUND CARD | 683 | 399 | 284 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 6,562 | 0 | 6,562 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| WXPZ LICENSE | 55,000 | 55,000 | 55,000 |
| LESS: ACCUMULATED AMORTIZATION | -9,510 | -10,885 | -10,885 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SYNDICATED PROGRAM | 2,000 | 0 | 2,000 | |
| DUES & SUBSCRIPTIONS | 5,543 | 0 | 5,543 | |
| INTERNET | 1,239 | 0 | 1,239 | |
| MISCELLANEOUS | 2 | 0 | 2 | |
| R & M | 3,550 | 0 | 3,550 | |
| MUSIC FEES | 2,735 | 0 | 2,735 | |
| LEASES AND ROYALTIES | 24,000 | 0 | 24,000 | |
| AMORTIZATION | 1,375 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADP | 66 | 0 | 66 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BUSINESS TAXES | 25 | 0 | 25 |