| 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 |
|---|---|---|---|---|---|---|---|---|---|
| HOUSING PROPERTY | 2019-08-31 | 117,000 | 5,850 | SL | 3.64 % | 4,254 | |||
| BUS | 2019-09-19 | 25,000 | 7,500 | SL | 20.00 % | 5,000 | |||
| HOUSE IMPROVEMENTS | 2020-02-25 | 12,500 | 1,250 | SL | 20.00 % | 2,500 | |||
| HOUSE IMPROVEMENTS | 2020-03-23 | 12,500 | 1,250 | SL | 20.00 % | 2,500 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Buildings | 142,000 | |||
| Land | 25,000 | |||
| Miscellaneous | 167,000 | 30,104 | 136,896 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BAD DEBT EXPENSE | 8,249 | |||
| BANK FEES | 1,801 | |||
| DESIGNATED FUNDS-COVID | 7,000 | |||
| DISCRETIONARY FUND | 27,100 | |||
| INSURANCE | 8,534 | |||
| MEALS | 321 | |||
| MEDICAL SUPPORT | 3,199 | |||
| MINISTORIAL SUPPORT | 175,348 | |||
| MISCELLANEOUS | 5,781 | |||
| OFFICE | 18,738 | |||
| ONLINE FEES | 1,284 | |||
| POSTAGE & SHIPPING | 383 | |||
| PROFESSIONAL FEES | 1,675 | |||
| PROMOTION | 9,051 | |||
| RELIGIOUS MATERIALS-BIBLES | 15,437 | |||
| SPECIAL PROJECTS | 84,608 | |||
| SUBSCRIPTION & FEES EXP | 431 | |||
| TELEPHONE | 8,407 | |||
| TRAVEL | 31,066 | |||
| UTILITIES | 3,771 | |||
| VEHICLE EXPENSE | 1,357 |