| 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 |
|---|---|---|---|---|---|---|---|---|---|
| COMPUTERS | 2016-10-09 | 20,795 | 16,269 | 200DB | 5.000000000000 | 0 | 0 | 0 | |
| DESKS | 2016-10-11 | 1,841 | 1,841 | 200DB | 7.000000000000 | 0 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| COMPUTERS | 20,795 | 16,269 | 4,526 | |
| DESKS | 1,841 | 1,841 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SUPPLIES | 14,485 | 0 | 14,485 | 0 |
| ADVERTISING | 617 | 0 | 617 | 0 |
| MEALS & ENTERTAINMENT | 365 | 0 | 365 | 0 |
| PAYROLL EXPENSES | 7,743 | 0 | 7,743 | 0 |
| INSURANCE | 6,211 | 0 | 6,211 | 0 |
| LICENSES | 1,454 | 0 | 1,454 | 0 |
| IN-KIND EXPENSE | 63,467 | 0 | 60,533 | 0 |
| BANK CHARGES | 48 | 0 | 48 | 0 |
| CONTRACT SERVICES | 37,516 | 0 | 37,516 | 0 |
| DUES & MEMBERSHIPS | 3,992 | 0 | 3,992 | 0 |
| PROMOTIONS EXPENSE - STUDENTS | 480 | 0 | 480 | 0 |
| STUDENT UNIFORMS | 320 | 0 | 320 | 0 |
| REIMBURSEMENTS | 1,308 | 0 | 1,308 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| TUITION REVENUE | 219,483 | 219,483 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 15,890 | 0 | 15,890 | 0 |