| 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 |
|---|---|---|---|---|---|---|---|---|
| WEBSITE | 2022-01-01 | 39,292 | 26,194 | 13,096 | 39,290 | |||
| WEBSITE | 2023-01-01 | 1,800 | 600 | 600 | 1,200 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| FURNITURE & EQUIPMENT | 2017-07-01 | 1,195 | 1,059 | 200DB | 7.0000 | 19 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Furniture and Fixtures | 31,306 | 31,026 | 280 | 280 |
| Machinery and Equipment | 16,442 | 15,044 | 1,398 | 1,398 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ARTWORK | 40,000 | 1,421,000 | 1,421,000 |
| Net Intangible Assets | 14,298 | 602 | 602 |
| OTHER ASSET | 482 | 20,482 | 20,482 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Amortization | 13,696 | |||
| COMPUTER EXPENSE | 5,467 | 5,467 | ||
| FILING FEES | 75 | 75 | ||
| LOCAL TRANSPORTATION | 82 | 82 | ||
| OFFICE EXPENSE | 876 | 876 | ||
| OUTSIDE SERVICE | 4,000 | 4,000 | ||
| POSTAGE | 20 | 20 | ||
| RESEARCH | 1,596 | 1,596 | ||
| TELEPHONE | 731 | 731 |