| 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 | 2019-11-30 | 325,000 | 26,042 | S/L | 39.0000 | 8,333 | |||
| FURNITURE & EQUIPMENT | 2019-11-30 | 5,084 | 5,084 | 200DB | 7.0000 | ||||
| BUILDING IMPROVEMENTS | 2020-12-31 | 44,441 | 2,327 | S/L | 39.0000 | 1,139 | |||
| FURNITURE & EQUIPMENT | 2020-12-31 | 84,809 | 84,809 | 200DB | 7.0000 | ||||
| LIGHTING SYSTEM | 2021-04-30 | 6,872 | 6,872 | 200DB | 7.0000 | ||||
| SOUND SYSTEM | 2021-09-30 | 9,099 | 9,099 | 200DB | 7.0000 | ||||
| 2022 PURCHASES | 2022-02-28 | 8,528 | 8,528 | 200DB | 7.0000 | ||||
| SOUND EQUIPMENT | 2023-01-31 | 999 | 200DB | 7.0000 | 828 | ||||
| SOUND EQUIPMENT | 2023-03-31 | 688 | 200DB | 7.0000 | 570 | ||||
| FURNITURE | 2023-05-31 | 1,013 | 200DB | 7.0000 | 839 | ||||
| WASHER & DRYER | 2023-12-31 | 1,411 | 200DB | 7.0000 | 1,169 | ||||
| BUILDING EXPANSION | 2023-12-31 | 98,405 | S/L | 39.0000 | 105 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING | 586,349 | 155,744 | 430,605 | |
| FURNITURE & EQUIPMENT | ||||
| BUILDING ADDITIONS | ||||
| FURNITURE &^ EQUIPMENT |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| ADVERTISING | 258 | |||
| UTILITIES | 7,864 | |||
| INSURANCE | 5,608 | |||
| SUPPLIES | 3,330 | |||
| REPAIRS & MAINTENANCE | 5,194 | |||
| SUBSCRIPTIONS | 2,874 | |||
| OFFICE EXPENSE | 1,544 | |||
| FOOD | 3,292 | |||
| CONCERT | 2,262 | |||
| DONATIONS | 8,847 | 8,847 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER PROFESSIONAL | 295 | |||
| PASTOR COMPENSATION | 17,950 | |||
| ARTIST COMPENSATION | 14,415 | |||
| WORSHIP LEADER | 21,295 |