| Description of Amortized Expenses | Date Acquired, Completed, or Expended | Amount Amortized | Deduction for Prior Years | Amortization Method | Current Year Amortization | Net Investment Income | Adjusted Net Income | Total Amount of Amortization |
|---|---|---|---|---|---|---|---|---|
| LICENSE & START UP | 2011-12-31 | 33,101 | 19,860 | 20.0000 | 1,655 | 21,515 | ||
| LICENSE & START UP | 2012-01-01 | 19,275 | 11,568 | 20.0000 | 964 | 12,532 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| TOWER | 2011-12-31 | 115,957 | 36,658 | SL | 2.56 % | 2,973 | |||
| STUDIO | 2011-12-31 | 3,424 | 1,056 | SL | 2.56 % | 88 | |||
| TOWER | 2012-06-30 | 1,803 | 529 | SL | 2.56 % | 46 | |||
| STUDIO | 2012-06-30 | 58,727 | 17,319 | SL | 2.56 % | 1,506 | |||
| CABINETS | 2012-06-30 | 5,000 | 3,840 | SL | 6.67 % | 334 | |||
| STUDIO IMPROVMENTS | 2014-12-31 | 4,252 | 986 | SL | 2.56 % | 109 | |||
| TRANSLATOR | 2016-03-31 | 81,564 | 16,295 | SL | 2.56 % | 2,091 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Auto./Transportation Equip. | 300,000 | |||
| Machinery and Equipment | 65,432 | 64,639 | 793 | |
| Buildings | 89,403 | 43,238 | 46,165 | |
| Improvements | 199,324 | 58,592 | 140,732 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Net Intangible Assets | 20,948 | 18,329 | |
| PREPAID CREDIT CARD | 21 | ||
| Rounding | 1 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVERTISING | 269 | 269 | ||
| Amortization | 2,619 | |||
| DUES | 175 | 175 | ||
| MUSIC LICENSES | 1,478 | 1,478 | ||
| OFFICE EXPENSES & SUPPLIES & MAILING | 1,645 | 1,645 | ||
| STUDIO EXPENSES | 548 | 548 | ||
| TELEPHONE & INTERNET | 6,253 | 6,253 | ||
| TOWER UTILITIES | 5,120 | 5,120 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OR DEPT OF JUSTICE | 20 | 20 |