| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting Fees | 9,000 | 7,000 | 0 | 2,000 |
| Person Name | Explanation |
|---|---|
| Howard L Woodruff | Management decisions |
| James Kee Rees | Chief Operating Officier |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Fully Depreciated Land Improvements | 2000-07-31 | 28,694 | 28,694 | M | 7 | 0 | 0 | 0 | |
| Improvements | 2006-06-30 | 4,550 | 4,550 | M | 4 | 0 | 0 | 0 | |
| Improvements | 2010-07-01 | 1,300 | 1,300 | M | 4 | 0 | 0 | 0 | |
| Improvements | 2010-07-08 | 12,500 | 12,500 | M | 4 | 0 | 0 | 0 | |
| Doors | 2010-11-01 | 2,000 | 2,000 | M | 4 | 0 | 0 | 0 | |
| Improvements | 2010-11-05 | 1,500 | 1,500 | M | 4 | 0 | 0 | 0 | |
| Improvements | 2010-11-08 | 1,000 | 1,000 | M | 4 | 0 | 0 | 0 | |
| Dozer Work Improvements | 2011-06-21 | 4,500 | 4,450 | M | 4 | 0 | 0 | 0 | |
| Improvements | 2011-01-03 | 2,800 | 2,800 | M | 4 | 0 | 0 | 0 | |
| Furniture & Fixtures | 2000-10-31 | 56,784 | 56,784 | M | 5 | 0 | 0 | 0 | |
| Wild Game Cameras | 2012-10-15 | 520 | 520 | SL | 4 | 0 | 0 | 0 | |
| Fully Depreciated Equipment | 2001-07-31 | 39,315 | 39,315 | M | 4 | 0 | 0 | 0 | |
| Tractor | 2009-10-20 | 25,000 | 25,000 | M | 3 | 0 | 0 | 0 | |
| Disc | 2009-09-28 | 7,341 | 7,341 | M | 3 | 0 | 0 | 0 | |
| Bale Spike | 2010-06-09 | 625 | 625 | M | 3 | 0 | 0 | 0 | |
| Equipment | 2010-09-19 | 1,600 | 1,600 | M | 3 | 0 | 0 | 0 | |
| Security Cameras | 2010-09-10 | 9,492 | 9,492 | M | 3 | 0 | 0 | 0 | |
| Trailer | 2011-02-21 | 10,600 | 10,600 | SL | 3 | 0 | 0 | 0 | |
| Feeder | 2011-01-04 | 1,200 | 1,200 | SL | 3 | 0 | 0 | 0 | |
| Heavy Bilt Bin | 2011-03-01 | 7,195 | 7,195 | SL | 3 | 0 | 0 | 0 | |
| Lawn Mower | 2011-03-23 | 225 | 225 | SL | 3 | 0 | 0 | 0 | |
| Fencing & Corrals | 2011-06-01 | 57,225 | 57,225 | SL | 4 | 0 | 0 | 0 | |
| Walk Behind Trimmer | 2012-06-07 | 609 | 609 | SL | 4 | 0 | 0 | 0 | |
| Chey Pickup | 2000-06-30 | 18,449 | 18,449 | M | 5 | 0 | 0 | 0 | |
| Pick UP | 2000-07-31 | 2,200 | 2,200 | M | 5 | 0 | 0 | 0 | |
| 2006 Toyota Avalon | 2005-10-04 | 34,846 | 34,846 | M | 3 | 0 | 0 | 0 | |
| 4 Wheeler | 2006-09-23 | 4,300 | 4,300 | M | 3 | 0 | 0 | 0 | |
| Bronco | 2008-07-10 | 2,500 | 2,500 | M | 3 | 0 | 0 | 0 | |
| Feed Truck | 2010-12-21 | 2,595 | 2,595 | M | 3 | 0 | 0 | 0 | |
| 2006 Chey Flatbed | 2010-12-12 | 7,522 | 7,522 | M | 3 | 0 | 0 | 0 | |
| Land | 2000-06-30 | 251,000 | 0 | NDA | 5 | 0 | 0 | 0 | |
| Chain Saw | 2013-03-12 | 1,343 | 1,343 | ALT | 3 | 0 | 0 | 0 | |
| T Posts Straps--Fencing | 2013-04-11 | 1,627 | 1,627 | ALT | 4 | 0 | 0 | 0 | |
| Auger | 2013-10-07 | 598 | 598 | ALT | 4 | 0 | 0 | 0 | |
| Farm Building Improvemnets | 2013-06-30 | 8,583 | 3,721 | ALT | 22 | 390 | 0 | 0 | |
| Equipment | 2013-06-01 | 11,973 | 11,973 | ALT | 4 | 0 | 0 | 0 | |
| Ranch Equipment | 2013-06-01 | 1,281 | 1,281 | ALT | 5 | 0 | 0 | 0 | |
| Fencing Improvements | 2013-06-01 | 6,067 | 6,067 | ALT | 5 | 0 | 0 | 0 | |
| HP Printer | 2014-12-31 | 104 | 104 | ALT | 3 | 0 | 0 | 0 | |
| Kubota Tractor | 2014-06-03 | 19,434 | 19,434 | ALT | 5 | 0 | 0 | 0 | |
| Security Equipment | 2014-06-18 | 2,743 | 2,743 | ALT | 3 | 0 | 0 | 0 | |
| Ground Drive Spreader | 2014-09-10 | 1,662 | 1,662 | ALT | 5 | 0 | 0 | 0 | |
| Kubota Tractor A&A Equipment | 2015-06-01 | 17,000 | 16,998 | ALT | 7 | 0 | 0 | 0 | |
| Office Improvements | 2016-06-01 | 30,895 | 5,181 | ARP | 39 | 792 | 0 | 0 | |
| A & A Equipment Mower | 2020-04-17 | 2,400 | 1,709 | M | 5 | 276 | 0 | 0 | |
| Computer | 2021-05-15 | 807 | 419 | M | 5 | 155 | 0 | 0 | |
| F150 Pick UP | 2022-01-27 | 52,077 | 10,415 | M | 5 | 16,665 | 0 | 0 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| Sale of Surface Interest | 2002-01 | Donated | 2023-06 | 1,277 | 0 | 0 | 1,277 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Corporate Stock | 231,848 | 350,000 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Farm Bldg Office Improvements | 65,128 | 35,734 | 29,394 | 85,000 |
| Land | 251,000 | 0 | 251,000 | 1,500,000 |
| Land Improvments | 39,261 | 39,211 | 50 | 25,000 |
| Furn Fixt | 58,214 | 57,982 | 232 | 10,000 |
| Equipment | 220,488 | 220,071 | 417 | 135,000 |
| Vehicle | 124,489 | 99,492 | 24,997 | 75,000 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Prod Minerals at Cost Less Depl | 0 | 0 | 1,500,000 |
| Non Producting Minerals | 8 | 8 | 0 |
| Description | Amount |
|---|---|
| Prior Year Adj | 75 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Vet Expense | 115 | 0 | 0 | 115 |
| Labor | 92,838 | 0 | 0 | 92,838 |
| Internet Services | 1,630 | 0 | 0 | 1,630 |
| Auto Expense | 6,828 | 0 | 0 | 6,828 |
| Fuel | 12,672 | 0 | 0 | 12,672 |
| Insurance | 14,469 | 0 | 0 | 14,469 |
| Telephone | 1,671 | 0 | 0 | 1,671 |
| Travel | 166 | 0 | 0 | 166 |
| Office Supplies | 390 | 0 | 0 | 390 |
| Repairs | 15,802 | 0 | 0 | 15,802 |
| Food | 2,507 | 0 | 0 | 2,507 |
| Hauling | 3,970 | 0 | 0 | 3,970 |
| ConservationDozer Exp | 5,702 | 0 | 0 | 5,702 |
| Meals | 2,500 | 0 | 0 | 2,500 |
| Supplies | 8,983 | 0 | 0 | 8,981 |
| Miscellaneous | 350 | 0 | 0 | 350 |
| Survey Expense | 519 | 0 | 0 | 519 |
| Moving Expense | 353 | 0 | 0 | 353 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Non Dividend Distribtions | 60 | 60 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Financial Advisor Fees | 2,992 | 2,992 | 0 | 0 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| Oil & Gas Royalty | 249,841 | 18,674 | 231,167 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Local Property Tax | 1,022 | 0 | 0 | 1,022 |
| Payroll Taxes | 11,631 | 918 | 0 | 10,713 |
| Foreign Tax | 122 | 7 | 0 | 0 |
| Federal Income Tax | 195 | 195 | 0 | 0 |