| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Computer | 2022-03-07 | 2,105 | 1,053 | SL | 3 | 702 | 0 | 0 | |
| Furniture | 2022-05-02 | 4,767 | 1,022 | SL | 7 | 681 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 1052uter | 2,105 | 1,755 | 350 | 0 |
| 3745iture | 4,767 | 1,703 | 3,064 | 0 |
| Item No. | 1 |
|---|---|
| Lender's Name | SBA Loan |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 81,200 |
| Balance Due | 85,184 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | 0 |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Even Cost | 45,147 | 0 | 0 | 0 |
| Office Expenses | 2,105 | 0 | 0 | 0 |
| Bank Service Charge | 111 | 0 | 0 | 0 |
| Insurance | 14 | 0 | 0 | 0 |
| Advertisement | 5,119 | 0 | 0 | 0 |
| Professional fees | 1,545 | 0 | 0 | 0 |
| Miscellaneous expenses | 1,255 | 0 | 0 | 0 |
| Auto Expenses | 515 | 0 | 0 | 0 |
| Meals and Entertainment | 2,734 | 0 | 0 | 0 |
| Supplies | 710 | 0 | 0 | 0 |
| Guest Accommodation | 6,990 | 0 | 0 | 0 |
| Independent contractors | 17,363 | 0 | 0 | 0 |
| Repair and maintenance | 606 | 0 | 0 | 0 |
| Car Rental | 3,500 | 0 | 0 | 0 |
| Sponsors Hospitality | 1,496 | 0 | 0 | 0 |
| Registration officer payment | 2,450 | 0 | 0 | 0 |
| Postage | 47 | 0 | 0 | 0 |
| Priz for the race | 7,000 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Business Taxes | 607 | 0 | 0 | 0 |