| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Truck | 2023-01-23 | 15,600 | 8,112 | SL | 20.00 % | 3,120 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Auto./Transportation Equip. | 15,600 | 11,232 | 4,368 | 4,368 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Direct Charitable - Honduras Missions | 2,983 | 2,983 | ||
| Direct Charitable - Philippines Missions | 6,720 | 6,720 | ||
| Office Expenses | 285 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Legal and Professional Expenses | 675 | 0 | 0 | 0 |