| 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 | 2008-01-01 | 70,000 | 30,440 | M | 39 | 1,795 | 0 | 0 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDINGS | 70,000 | 32,235 | 37,765 | 50,000 |
| LAND | 95,890 | 0 | 95,890 | 0 |
| TRUCK | 3,000 | 0 | 3,000 | 0 |