| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Portatree | 2025-01-03 | 6,548 | 234 | M | 7 | 1,804 | 0 | 0 | |
| Arrowhead Drag | 2025-09-05 | 19,900 | M | 7 | 2,844 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Portatree | 6,548 | 2,038 | 4,510 | 0 |
| Arrowhead Drag | 19,900 | 2,844 | 17,056 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Bank Fees | 20 | 0 | 0 | 0 |
| Corp Fees | 20 | 0 | 0 | 0 |
| Membership | 50 | 0 | 0 | 0 |
| Event Expenses | 2,263 | 0 | 0 | 0 |
| Plowing | 3,240 | 0 | 0 | 0 |
| Postmaster | 60 | 0 | 0 | 0 |
| Equipment repairs | 1,921 | 0 | 0 | 0 |
| Volunteer meals | 230 | 0 | 0 | 0 |
| Insurance | 4,256 | 0 | 0 | 0 |
| Land leases | 5,034 | 0 | 0 | 0 |
| Description | Amount |
|---|---|
| PP Adjustment | 945 |