| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 2017 CHEVROLET VAN | 2018-01-01 | 23,444 | 21,100 | SL | 10.00 % | 2,344 | 2,344 | ||
| FURNITURE & FIXTURES | 2018-01-01 | 48,362 | 21,762 | SL | 10.00 % | 4,836 | 4,836 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Auto./Transportation Equip. | 23,444 | 23,444 | ||
| Furniture and Fixtures | 48,362 | 26,598 | 21,764 | 21,764 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| COMPUTER EXPENSE | 795 | 17 | 536 | 242 |
| DUES/MEMBERSHIPS | 69 | 1 | 47 | 21 |
| GROUNDS MAINTENANCE | 6,510 | 141 | 4,386 | 1,983 |
| INTERNET | 1,389 | 30 | 936 | 423 |
| OFFICE EXPENSE | 39 | 1 | 26 | 12 |
| PEST CONTROL | 256 | 6 | 172 | 78 |
| POSTAGE | 304 | 7 | 205 | 92 |
| STORAGE | 360 | 8 | 242 | 110 |
| SUPPLIES | 990 | 21 | 667 | 302 |
| TEACHING MATERIALS & EXPENSES | 3,440 | 75 | 2,317 | 1,048 |
| TELEPHONE/IPAD | 784 | 17 | 528 | 239 |
| UTILITIES | 1,767 | 36 | 1,189 | 542 |
| VAN EXPENSES | 53 | 1 | 36 | 16 |
| VOLUNTEER EXPENSES | 250 | 5 | 169 | 76 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| REGISTRATION & TUITION | 19,970 | 19,970 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL & PROFESSIONAL FEES | 800 | 17 | 539 | 244 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| GA SOS REGISTRATION | 30 | 1 | 20 | 9 |
| PROPERTY TAXES | 2,466 | 54 | 1,661 | 751 |