| 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 | 2014-01-01 | 543,750 | 102,634 | S/L | 39.0000 | 13,593 | |||
| IMPROVEMENTS | 2015-01-15 | 390,416 | 58,156 | S/L | 39.0000 | 9,760 | |||
| LAND | 2014-12-31 | 181,250 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING AND LAND | 934,166 | 184,143 | 750,023 | 934,166 |
| 181,250 | 181,250 | 181,250 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| FOOD | 16,314 | |||
| TELEPHONE | 1,051 | |||
| SUPPLIES | 15,197 | |||
| REPAIRS | 10,193 | |||
| BANK CHARGES | 237 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| MORTGAGES PAYABLE | 161,685 | 161,685 |