| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LAND-ITASCA | 2008-05-01 | 347,511 | L | 0 | 0 | ||||
| BUILDING | 2008-05-01 | 2,001,658 | 760,794 | ADS | 40.000000000000 | 18,766 | 18,766 | ||
| IMPROVEMENTS | 2008-05-01 | 220,182 | 104,132 | 150DB | 15.000000000000 | 5,959 | 4,893 | ||
| IMPROVEMENTS | 2008-05-01 | 260,216 | 130,108 | 200DB | 7.000000000000 | 0 | 0 | ||
| IMPROVEMENTS | 2008-08-01 | 69,531 | 15,535 | 150DB | 15.000000000000 | 1,847 | 1,545 | ||
| IMPROVEMENTS | 2008-08-01 | 82,173 | 20,543 | 200DB | 7.000000000000 | 0 | 0 | ||
| ITASCA MASONRY WORK | 2019-06-15 | 7,098 | 150DB | 15.000000000000 | 0 | 158 | |||
| ITASCA RE-ROOF | 2021-10-30 | 172,926 | 7,155 | ADS | 40.000000000000 | 1,621 | 1,621 | ||
| IMPROVEMENTS | 2013-05-30 | 3,449 | 1,724 | 200DB | 7.000000000000 | 0 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| WELLS FARGO | 5,241,213 | 5,930,428 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| WELLS FARGO | AT COST | 4,858,895 | 5,035,039 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DUE FROM AFFILIATES | 85,235 | 85,235 | 85,235 |
| UNREALIZED GAINS/(LOSSES) | -5,364 | 0 | 0 |
| Description | Amount |
|---|---|
| PRIOR PERIOD CONTRIBUTION ADJUSTMENT | 982,148 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAXES | 3,000 | 0 | 0 | |
| REPAIRS | 18,600 | 18,600 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVISORY FEES | 110,768 | 110,768 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| REAL ESTATE TAXES | 80,056 | 80,056 | 0 |