| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION FEES | 725 | 0 | 0 | 725 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| ARENA WITH BUILDINGS | 2015-08-01 | 384,840 | 82,644 | SL | 39.000000000000 | 9,868 | 0 | 9,868 | |
| APPRAISAL & DEED EXPENSE | 2015-08-01 | 2,638 | 569 | SL | 39.000000000000 | 68 | 0 | 68 | |
| GRAVEL FOR PARKING LOT | 2015-08-12 | 23,050 | 12,861 | 150DB | 15.000000000000 | 1,568 | 0 | 1,537 | |
| LAND | 2015-08-01 | 15,160 | L | 0 | 0 | 0 | |||
| CATTLE CHUTE | 2021-08-09 | 2,363 | 817 | SL | 7.000000000000 | 338 | 0 | 338 | |
| USED 4 WHEELER | 2021-10-27 | 1,500 | 650 | SL | 5.000000000000 | 300 | 0 | 300 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| ARENA WITH BUILDINGS | 384,840 | 92,512 | 292,328 | |
| APPRAISAL & DEED EXPENSE | 2,638 | 637 | 2,001 | |
| GRAVEL FOR PARKING LOT | 23,050 | 14,429 | 8,621 | |
| LAND | 15,160 | 0 | 15,160 | |
| CATTLE CHUTE | 2,363 | 1,155 | 1,208 | |
| USED 4 WHEELER | 1,500 | 950 | 550 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 10,815 | 0 | 1,747 | 9,068 |
| FEED FOR ROPING STEERS | 1,484 | 0 | 0 | 1,484 |
| OTHER | 750 | 0 | 0 | 750 |