| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Office Improvements | 2024-09-30 | 5,011 | 501 | M | 10 | 902 | 0 | 0 | |
| Water Heater | 2024-02-26 | 1,457 | 146 | M | 10 | 262 | 0 | 0 | |
| Mini Split | 2024-03-14 | 1,418 | 142 | M | 10 | 255 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Office Improvements | 7,886 | 2,208 | 5,678 | 5,678 |
| Item No. | 1 |
|---|---|
| Lender's Name | TINA RATLIFF |
| Lender's Title | Director |
| Original Amount of Loan | 2183 |
| Balance Due | 2183 |
| Date of Note | 2023-12 |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | Funds for Operating Expenses |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Office Supplies | 3,053 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Professional Fees | 654 | 0 | 0 | 0 |
| Insurance | 846 | 0 | 0 | 0 |