| 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 |
|---|---|---|---|---|---|---|---|---|---|
| OFFICE FURNITURE | 2007-04-24 | 5,790 | 5,790 | SL | 10 | ||||
| PHONE SYSTEM | 2007-04-24 | 1,000 | 1,000 | SL | 5 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| OFFICE FURNITURE | 5,790 | 5,790 | ||
| PHONE SYSTEM | 1,000 | 1,000 |
| Description | Amount |
|---|---|
| OTHER ADJUSTMENT | 1 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 3,238 | 3,238 | ||
| OFFICE EXPENSE | 6,406 | 6,406 | ||
| INDEPENDENT CONTRACTORS | 56,668 | 56,668 | ||
| ANNUAL REPORT FEE | 15 | 15 | ||
| ADP PROCESSING FEES | 2,819 | 2,819 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| BOOKS, MERCH., & MISC. | 411 | 411 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES/EDITING | 30,595 | 411 | 30,184 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES |