| 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 |
|---|---|---|---|---|---|---|---|---|---|
| RALLY AUTOMOBILE | 2018-01-22 | 335,949 | 335,949 | SL | 5.000000000000 | 0 | 0 | 0 | |
| RALLY AUTO/PORSCHE | 2021-08-17 | 255,639 | 127,820 | SL | 5.000000000000 | 51,128 | 0 | 0 | |
| WHISTLE PIG BARRELL | 2023-01-01 | 125,000 | 12,500 | SL | 10.000000000000 | 12,500 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| RALLY AUTOMOBILE | 335,949 | 335,949 | 0 | |
| RALLY AUTO/PORSCHE | 255,639 | 178,948 | 76,691 | |
| WHISTLE PIG BARRELL | 125,000 | 25,000 | 100,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK CHARGES AND PROCESSING FEES | 18,595 | 0 | 0 | 18,595 |
| INSURANCE | 3,792 | 0 | 0 | 3,792 |
| OFFICE/ADMINISTRATIVE EXPENSES | 936 | 0 | 0 | 936 |
| OUTSIDE SERVICES | 85,483 | 0 | 0 | 85,483 |
| RALLY EXPENSES/MARKETING/MERCHANDISING | 170,026 | 0 | 0 | 170,026 |
| ADVERTISING/PROMOTION/PUBLIC RELATIONS | 3,553 | 0 | 0 | 3,553 |
| STATE FILING FEES | 19 | 0 | 0 | 19 |
| AUTO EXPENSES | 749 | 0 | 0 | 749 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| INTEREST FROM LOANS | 36,524 | 36,524 | 36,524 |
| MERCHANDISE SALES | 1,170 | 1,170 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL FORM 990 / EXCISE TAX | 689 | 689 | 0 | 0 |