| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 700 | 0 | 0 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| RALLY AUTOMOBILE | 2018-01-22 | 335,949 | 167,975 | SL | 20.00 % | 67,190 | |||
| RALLY AUTO/PORSCHE | 2021-08-17 | 255,639 | SL | 10.00 % | 25,564 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Auto./Transportation Equip. | 591,588 | 260,729 | 330,859 | 330,859 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 1,000 | 0 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVERTISING/PROMOTION | 675 | |||
| BANK CHARGES AND FEES | 4,894 | |||
| INSURANCE | 1,570 | |||
| OFFICE/ADMINISTRATIVE EXPENSES | 16,063 | |||
| OUTSIDE SERVICES | 5,000 | |||
| RALLY EXPENSES/MARKETING/MERCHANDISING | 215,350 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL FROM 990/EXCISE TAX | 72 |