| 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 |
|---|---|---|---|---|---|---|---|---|---|
| OFFICE FURNITURE | 2007-04-24 | 5,790 | 5,790 | SL | 10 | ||||
| PHONE SYSTEM | 2007-04-24 | 1,000 | 1,000 | SL | 5 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| OFFICE FURNITURE | 5,790 | 5,790 | ||
| PHONE SYSTEM | 1,000 | 1,000 |
| Description | Amount |
|---|---|
| OTHER ADJUSTMENT | 931 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL FEES | 2,406 | 2,406 | ||
| INSURANCE | 7,175 | 7,175 | ||
| OFFICE EXPENSE | 3,656 | 3,656 | ||
| COMPUTER EXPENSE | 216 | 216 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| BOOKS, MERCH., & MISC. | 872 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES/EDITING | 26,639 | 26,639 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 6,192 | 6,192 |