| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Building | 2021-01-01 | 5,769,012 | 437,809 | SL | 2.56 % | 147,917 | 147,917 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Buildings | 5,769,012 | 585,726 | 5,183,286 | 6,314,800 |
| Land | 1,723,046 | 1,723,046 | 248,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Bank Fees | 65 | |||
| Office Supplies | 15,000 | |||
| Rental Expenses | 168,407 | 168,407 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Prepaid Rent | 15,032 |