| 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 |
|---|---|---|---|---|---|---|---|---|---|
| EQUIPMENTS | 2020-01-01 | 24,665 | 2,467 | SL | 20.00 % | 4,933 | |||
| Ram 2500 | 2021-01-01 | 55,000 | SL | 10.00 % | 5,500 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Auto./Transportation Equip. | 55,000 | 5,500 | 49,500 | |
| Machinery and Equipment | 24,665 | 7,400 | 17,265 |
| Description | Amount |
|---|---|
| To adjust the balance | 34,632 |