| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting and Bookkeeping | 2,647 | 0 | 0 | 2,647 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| leasing commission | 2013-01-01 | 20,000 | 16,000 | 10.0000 | 2,000 | 18,000 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| building | 2013-01-01 | 245,000 | 50,003 | SL | 2.56 % | 6,282 | 6,282 | ||
| improvements | 2013-01-01 | 67,953 | 13,866 | SL | 2.56 % | 1,742 | 1,742 | ||
| Roof | 2018-07-26 | 72,312 | 4,369 | SL | 40.0000 | 1,808 | 1,808 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Auto./Transportation Equip. | 357,495 | |||
| Buildings | 245,000 | 56,285 | 188,715 | |
| Improvements | 140,265 | 21,785 | 118,480 | |
| Land | 50,000 | 50,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| legal fees | 500 | 0 | 0 | 500 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Non-dividend distributions | -179 | -179 | |
| Net Intangible Assets | 4,000 | 2,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Fee | 2,542 | 2,542 | ||
| Office & Miscellaneous Expenses | 101 | 101 | ||
| Amortization | 2,000 | 2,000 | ||
| Rental Expenses | 10,582 | 10,582 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Outside Services | 4,172 | 0 | 0 | 4,172 |