| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Computer | 2022-03-07 | 2,105 | 351 | SL | 3 | 702 | 0 | 0 | |
| Furniture | 2022-05-02 | 4,767 | 341 | SL | 7 | 681 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Computer | 2,105 | 1,053 | 1,052 | 0 |
| Furniture | 4,767 | 1,022 | 3,745 | 0 |
| Item No. | 1 |
|---|---|
| Lender's Name | SBA Loan |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 81,200 |
| Balance Due | 81,200 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | 0 |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Even Cost | 34,610 | 0 | 0 | 0 |
| Office Expenses | 1,701 | 0 | 0 | 0 |
| Bank Service Charge | 7 | 0 | 0 | 0 |
| Insurance | 617 | 0 | 0 | 0 |
| Advertisement | 8,649 | 0 | 0 | 0 |
| Professional fees | 2,449 | 0 | 0 | 0 |
| Miscellaneous expenses | 964 | 0 | 0 | 0 |
| Auto Expenses | 839 | 0 | 0 | 0 |
| Meals and Entertainment | 2,352 | 0 | 0 | 0 |
| Supplies | 2,466 | 0 | 0 | 0 |
| Independent contractors | 900 | 0 | 0 | 0 |