| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 1999 GMC SUBURBAN TRUCK | 2014-10-31 | 2,500 | 2,500 | 200DB | 5.0000 | ||||
| 2001 SUBURBAN | 2018-08-27 | 3,000 | 3,000 | 200DB | 5.0000 | ||||
| KURZWEIL STAGE PIANO, STAND & BENCH | 2018-04-20 | 3,885 | 3,885 | 200DB | 5.0000 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| VEHICLE/EQUIPMENT | 9,385 | 9,385 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| ADVERTISING | 1,057 | 1,057 | ||
| AUTO EXPENSE | 1,206 | 1,206 | ||
| BANK FEES & MERCHANT FEES | 16 | 16 | ||
| BOOKS, SUBSCRIPTIONS & REFERE | 1,887 | 1,887 | ||
| CONTINUING EDUCATION | 6 | 6 | ||
| CONTRACT LABOR | 2,084 | 2,084 | ||
| CREDIT CARD FEES | 345 | 345 | ||
| DUES & SUBSCRIPTIONS | 163 | 163 | ||
| EQUIPMENT RENTAL | 155 | 155 | ||
| INSURANCE | 1,400 | 1,400 | ||
| OFFICE EXPENSE | 5,325 | 5,325 | ||
| POSTAGE | 46 | 46 | ||
| REPAIRS & MAINTENANCE | 1,532 | 1,532 | ||
| SUPPLIES | 64 | 64 | ||
| TELEPHONE | 992 | 992 | ||
| UTILITIES | 695 | 695 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| CREDIT CARD PAYABLE | 100 | 2,985 |
| PAYROLL LIABILITIES | 3,276 | 1,609 |
| PPP LOAN | 16,100 |
| Name | Address |
|---|---|
| STEVE WRATE |
4421 HWY 58 STE 3 CHATTANOOGA,TN37416 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LICENSES & TAXES | 20 |