| 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 |
|---|---|---|---|---|---|---|---|---|---|
| TRACKS FOR 2017 GROOMER | 2023-10-01 | 42,792 | 6,877 | SL | 7 | 6,113 | 0 | 0 | |
| BRUSH HOG | 2021-02-17 | 3,994 | 2,212 | SL | 7 | 571 | 0 | 0 | |
| 2017 GROOMER | 2022-04-22 | 145,000 | 55,238 | SL | 7 | 20,714 | 0 | 0 | |
| SHED | 1994-11-30 | 18,769 | 14,477 | SL | 39 | 481 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| EQUIPMENT | 191,786 | 91,725 | 100,061 | 0 |
| BUILDINGS | 18,769 | 14,958 | 3,811 | 0 |
| Item No. | 1 |
|---|---|
| Lender's Name | ATHENS CREDIT UNION |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | |
| Balance Due | 38,746 |
| Date of Note | 2023-03 |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | GROOMER |
| Purpose of Loan | GROOMER LOAN REFINANCETRACKS |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| REPAIRS AND MAINTENANCE | 439 | 0 | 0 | 0 |
| DUES AND SUBSCRIPTIONS | 560 | 0 | 0 | 0 |
| SHOP SUPPLIES | 161 | 0 | 0 | 0 |
| RAFFLE EXP | 2,147 | 0 | 0 | 0 |
| INSURANCE | 1,518 | 0 | 0 | 0 |
| LAND OWNER RENT | 2,450 | 0 | 0 | 0 |
| OFFICE | 15 | 0 | 0 | 0 |
| INTEREST EXP | 1,768 | 0 | 0 | 0 |
| PROPERTY TAXES | 445 | 0 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MEMBERSHIP DUES | 650 | 0 | 0 |
| RAFFLES | 7,700 | 0 | 0 |