| 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 |
|---|---|---|---|---|---|---|---|---|---|
| TRACKS FOR 2017 GROOMER | 2023-10-01 | 42,792 | 764 | SL | 7 | 6,113 | 0 | 0 | |
| BRUSH HOG | 2021-02-17 | 3,994 | 1,641 | SL | 7 | 571 | 0 | 0 | |
| 2017 GROOMER | 2022-04-22 | 145,000 | 34,524 | SL | 7 | 20,714 | 0 | 0 | |
| SHED | 1994-11-30 | 18,769 | 13,996 | SL | 39 | 481 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| EQUIPMENT | 191,786 | 64,327 | 127,459 | 0 |
| BUILDINGS | 18,769 | 14,477 | 4,292 | 0 |
| Item No. | 1 |
|---|---|
| Lender's Name | ATHENS CREDIT UNION |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 0 |
| Balance Due | 42,214 |
| Date of Note | 2023-03 |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | 0 |
| Security Provided by Borrower | GROOMER |
| Purpose of Loan | GROOMER LOAN REFINANCE-TRACKS |
| Description of Lender Consideration | |
| Consideration FMV | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| REPAIRS AND MAINTENANCE | 2,377 | 0 | 0 | 0 |
| DUES AND SUBSCRIPTIONS | 407 | 0 | 0 | 0 |
| SMALL TOOLS | 431 | 0 | 0 | 0 |
| RAFFLE EXP | 1,210 | 0 | 0 | 0 |
| INSURANCE | 3,837 | 0 | 0 | 0 |
| LAND OWNER RENT | 2,579 | 0 | 0 | 0 |
| OFFICE | 247 | 0 | 0 | 0 |
| INTEREST EXP | 3,858 | 0 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MEMBERSHIP DUES | 100 | 0 | 0 |
| RAFFLES | 3,500 | 0 | 0 |