| 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 | 2009-06-01 | 164,884 | 56,056 | StraightLine | 39 | 4,228 | |||
| BUILDING 1 | 2012-07-01 | 11,526 | 3,391 | StraightLine | 39 | 296 | |||
| TRCUKS | 2010-07-01 | 17,339 | 17,339 | StraightLine | 7 | ||||
| TRUCK 2 | 2015-04-01 | 2,556 | 2,556 | StraightLine | 7 | ||||
| FURNITURE | 2012-07-01 | 2,833 | 2,833 | StraightLine | 5 | ||||
| BUILDING C | 2013-01-01 | 39,946 | 11,221 | StraightLine | 39 | 1,024 | |||
| FURNITURE 1 | 2013-01-01 | 2,283 | 2,283 | StraightLine | 7 | ||||
| BUILDING 2 | 2014-07-01 | 20,812 | 5,051 | StraightLine | 39 | 534 | |||
| BUILDING 3 | 2016-07-01 | 12,687 | 2,424 | StraightLine | 39 | 325 | |||
| FURNITURE FIX | 2016-07-01 | 14,299 | 14,299 | StraightLine | 5 | ||||
| BUILDING 4 | 2018-07-01 | 21,254 | 2,997 | StraightLine | 39 | 545 | |||
| FURNITURE | 2018-07-01 | 5,101 | 5,100 | StraightLine | 5 | ||||
| BUILDING 5 | 2019-08-01 | 9,287 | 1,051 | StraightLine | 39 | 238 | |||
| BUILDING 6 | 2020-01-01 | 5,966 | 612 | StraightLine | 39 | 153 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND | 5,000 | 5,000 | 5,000 | |
| BUILDING AND LEASEHOLD IMPROVEMENTS | 310,679 | 102,057 | 208,622 | 208,622 |
| FURNITURE AND EQUIPMENT | 31,803 | 17,332 | 14,471 | 14,471 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 2,600 | 2,600 | ||
| ACCOUNTING FEES | 650 | 650 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOOD CHILDREN LUNCH | 1,064 | 1,064 | ||
| BANK FEES | 40 | 40 | ||
| PHONE | 630 | 630 | ||
| POSTAGE | 222 | 222 | ||
| EDUCATIONAL SUPPORT | 896 | 896 | ||
| WEBSITE MAINTENANCE | 410 | 410 | ||
| REPAIRS AND MAINTENANCE | 862 | 862 | ||
| SCHOOL SUPPLIES | 59 | 59 | ||
| PASTORS STIPEND | 4,000 | 4,000 |