| 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 | 2019-11-30 | 325,000 | 42,708 | S/L | 39.0000 | 8,334 | |||
| FURNITURE & EQUIPMENT | 2019-11-30 | 5,084 | 5,084 | 200DB | 7.0000 | ||||
| BUILDING IMPROVEMENTS | 2020-12-31 | 44,441 | 4,606 | S/L | 39.0000 | 1,139 | |||
| FURNITURE & EQUIPMENT | 2020-12-31 | 84,809 | 84,809 | 200DB | 7.0000 | ||||
| LIGHTING SYSTEM | 2021-04-30 | 6,872 | 6,872 | 200DB | 7.0000 | ||||
| SOUND SYSTEM | 2021-09-30 | 9,099 | 9,099 | 200DB | 7.0000 | ||||
| 2022 PURCHASES | 2022-02-28 | 8,528 | 8,528 | 200DB | 7.0000 | ||||
| SOUND EQUIPMENT | 2023-01-31 | 999 | 877 | 200DB | 7.0000 | 35 | |||
| SOUND EQUIPMENT | 2023-03-31 | 688 | 604 | 200DB | 7.0000 | 24 | |||
| FURNITURE | 2023-05-31 | 1,013 | 889 | 200DB | 7.0000 | 35 | |||
| WASHER & DRYER | 2023-12-31 | 1,411 | 1,238 | 200DB | 7.0000 | 50 | |||
| BUILDING EXPANSION | 2023-12-31 | 98,405 | 2,628 | S/L | 39.0000 | 2,524 | |||
| LIGHTS | 2024-01-31 | 1,148 | 28 | S/L | 39.0000 | 30 | |||
| COMPUTER | 2024-01-31 | 2,177 | 1,480 | 200DB | 5.0000 | 279 | |||
| MICROPHONE | 2024-02-28 | 1,431 | 973 | 200DB | 5.0000 | 183 | |||
| REFRIGERATOR | 2024-02-28 | 1,680 | 1,142 | 200DB | 5.0000 | 215 | |||
| BATHROOM PARTITIONS | 2024-02-28 | 3,654 | 82 | S/L | 39.0000 | 94 | |||
| ROAD CASE | 2024-04-30 | 300 | 204 | 200DB | 5.0000 | 38 | |||
| DRUM SURROUND / COMPUTER | 2024-09-30 | 4,695 | 3,193 | 200DB | 5.0000 | 601 | |||
| FURNITURE | 2024-12-31 | 508 | 334 | 200DB | 7.0000 | 50 | |||
| BUILDING EXPANSION | 2024-01-31 | 44,042 | 1,082 | S/L | 39.0000 | 1,130 | |||
| MUSIC EQUIPMENT/MICROWAVE | 2025-03-31 | 1,294 | 200DB | 5.0000 | 1,294 | ||||
| STOVE | 2025-10-31 | 904 | 200DB | 5.0000 | 904 | ||||
| MUSIC EQUIPMENT | 2025-11-30 | 1,361 | 200DB | 5.0000 | 1,361 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING | 649,543 | 194,780 | 454,763 | |
| FURNITURE & EQUIPMENT | ||||
| BUILDING ADDITIONS | ||||
| FURNITURE &^ EQUIPMENT |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| ADVERTISING | 2,470 | |||
| UTILITIES | 8,110 | |||
| INSURANCE | 7,764 | |||
| SUPPLIES | 2,287 | |||
| REPAIRS & MAINTENANCE | 6,618 | |||
| SUBSCRIPTIONS | 2,922 | |||
| OFFICE EXPENSE | 563 | |||
| FOOD | 4,643 | |||
| CONCERT | 646 | |||
| DONATIONS | 19,200 | 19,200 | ||
| BANK CHARGES | 36 | |||
| RETREAT | 9,169 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER PROFESSIONAL | 295 | |||
| PASTOR COMPENSATION | 36,000 | |||
| OTHER LABOR | 30,010 |