| 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 |
|---|---|---|---|---|---|---|---|---|---|
| COMPUTERS | 2016-10-09 | 20,795 | 16,753 | 200DB | 5.000000000000 | 2,695 | 0 | 4,042 | |
| DESKS | 2016-10-11 | 1,841 | 1,218 | 200DB | 7.000000000000 | 178 | 0 | 263 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| COMPUTERS | 20,795 | 19,448 | 1,347 | |
| DESKS | 1,841 | 1,396 | 445 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 4,953 | 0 | 4,953 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| OTHER ASSETS | 901 | 0 | 0 |
| Description | Amount |
|---|---|
| PRIOR YEAR ADJUSTMENT | 65,232 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SUPPLIES | 16,622 | 0 | 16,622 | 0 |
| ADVERTISING | 463 | 0 | 463 | 0 |
| BANK CHARGES | 217 | 0 | 217 | 0 |
| REPAIRS | 994 | 0 | 994 | 0 |
| PAYROLL EXPENSES | 75,143 | 0 | 75,143 | 0 |
| DUES & MEMBERSHIPS | 1,216 | 0 | 1,216 | 0 |
| INSURANCE | 21,844 | 0 | 21,844 | 0 |
| MAIL & POSTAGE | 334 | 0 | 334 | 0 |
| CONTRACT SERVICES | 17,576 | 0 | 17,576 | 0 |
| LICENSES | 3,225 | 0 | 3,225 | 0 |
| STUDENT EXAMS | 3,000 | 0 | 3,000 | 0 |
| STUDENT MEDICAL EXPENSES | 252 | 0 | 252 | 0 |
| STUDENT UNIFORMS | 337 | 0 | 337 | 0 |
| SOFTWARE | 1,766 | 0 | 1,766 | 0 |
| SECURITY | 400 | 0 | 400 | 0 |
| COMPANY VEHICLE EXPENSE | 501 | 0 | 501 | 0 |
| LEASE EXPENSE | 1,560 | 0 | 1,560 | 0 |
| REIMBURSEMENTS | 23,999 | 0 | 23,999 | 0 |
| DONATIONS/SPONSORSHIPS | 27,404 | 0 | 27,404 | 0 |
| IN-KIND EXPENSE | 120,335 | 0 | 120,335 | 0 |
| PENALTIES | 100 | 0 | 100 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| TUITION REVENUE | 412,895 | 412,895 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 32,701 | 0 | 32,701 | 0 |