| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LEASEHOLD IMPROVEMENTS | 2024-08-29 | 9,560 | 92 | SL | 39.000000000000 | 245 | 0 | 245 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LEASEHOLD IMPROVEMENTS | 9,560 | 337 | 9,223 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTANT FEES | 9,545 | 0 | 0 | 9,545 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| SECURITY DEPOSIT (CASH) | 3,148 | 3,148 | 3,148 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| REIMBURSEMENTS | 2,432 | 0 | 0 | 2,432 |
| INSURANCE | 1,137 | 0 | 0 | 1,137 |
| CONTINUING EDUCATION | 77 | 0 | 0 | 77 |
| MEMBERSHIPS & SUBSCRIPTIONS | 1,306 | 0 | 0 | 1,306 |
| UTILITIES | 1,405 | 0 | 0 | 1,405 |
| OFFICE EXPENSES | 5,240 | 0 | 0 | 5,240 |
| MEALS | 348 | 0 | 0 | 348 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| NC TAXES | 221 | 85 |
| FEDERAL TAXES (941/944) | 2,035 | 2,003 |
| NC INCOME TAX | 0 | 456 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 11,923 | 0 | 0 | 11,923 |
| PY FEDERAL TAX DUE | 28 | 0 | 0 | 0 |