| 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 IMPROVEMENT CLIFF MILLS FOR 2016 | 2016-10-05 | 586,376 | 275,945 | 150DB | 20.000000000000 | 26,142 | 0 | 29,319 | |
| EQUIPMENT | 2016-10-05 | 13,000 | 13,000 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| OIL TANK | 2016-10-05 | 2,107 | 2,107 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| TRACTOR | 2016-10-26 | 2,593 | 2,593 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| EQUIPMENT | 2016-12-16 | 1,510 | 1,510 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| HORSE | 2016-10-05 | 1,000 | 1,000 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| BUILDING IMPROVEMET FOR 2017 | 2017-07-01 | 281,813 | 124,648 | 150DB | 20.000000000000 | 12,573 | 0 | 14,091 | |
| LEASEHOLD - 23 EQUIP + 23 LEASEHOLD + 21 MISSING LEASEHOLD | 2023-07-01 | 16,010 | 2,331 | 150DB | 7.000000000000 | 187 | 0 | 2,287 | |
| TRACTOR | 2024-06-27 | 22,500 | 2,411 | 150DB | 7.000000000000 | 4,305 | 0 | 3,214 | |
| TRACTOR | 2017-01-09 | 4,750 | 4,750 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| EQUIPMENT | 2017-01-10 | 2,102 | 2,102 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| 2 PROPANE TANKS | 2017-06-27 | 4,200 | 4,200 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| TRACTOR EQUIPMENT | 2017-08-15 | 1,182 | 1,182 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| CELL PHONE BOOSTER | 2017-09-11 | 4,828 | 4,828 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| SKID STEER FORK | 2017-09-22 | 990 | 990 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| HORSE - LISA MITCHELL | 2017-01-24 | 1,500 | 1,500 | 150DB | 7.000000000000 | 0 | 0 | 0 | |
| LAND - 9 TROTTER LN | 2018-05-15 | 465,000 | L | 0 | 0 | 0 | |||
| BUILDING - 9 TROTTER LN | 2018-05-15 | 310,000 | 123,098 | 150DB | 20.000000000000 | 14,018 | 0 | 15,500 | |
| IMPROVEMENTS | 2020-07-01 | 136,897 | 150DB | 7.000000000000 | 0 | 0 | 19,557 | ||
| IMPROVEMENT FOR 2018 | 2018-07-01 | 208,083 | 82,627 | 150DB | 20.000000000000 | 9,409 | 0 | 10,404 | |
| BUILDING FOR 2018 - CLIFF MILLS | 2018-07-01 | 45,059 | 17,893 | 150DB | 20.000000000000 | 2,037 | 0 | 2,253 | |
| AIR CONDITIONER | 2018-05-03 | 17,510 | 16,438 | 150DB | 7.000000000000 | 1,072 | 0 | 834 | |
| KUBOTA TRACTOR | 2018-06-04 | 42,270 | 39,608 | 150DB | 7.000000000000 | 2,662 | 0 | 2,516 | |
| SOLAR FANS | 2018-07-16 | 5,820 | 5,464 | 150DB | 7.000000000000 | 356 | 0 | 356 | |
| KAWASAKI GATOR | 2018-09-07 | 16,600 | 15,583 | 150DB | 7.000000000000 | 1,017 | 0 | 1,017 | |
| GENERATOR AND ACCESSORIES | 2018-12-17 | 1,061 | 996 | 150DB | 7.000000000000 | 65 | 0 | 65 | |
| WATER TREATMENT SYSTEM (APPLETON CAMPBELL) | 2019-02-26 | 28,460 | 9,909 | 150DB | 20.000000000000 | 1,391 | 0 | 1,423 | |
| GUTTERS (BOBBY WOODWARD) | 2019-09-10 | 10,690 | 3,723 | 150DB | 20.000000000000 | 523 | 0 | 535 | |
| ELECTRIC GATES (BOBBY WOODWARD) | 2019-11-27 | 3,859 | 1,344 | 150DB | 20.000000000000 | 189 | 0 | 193 | |
| FENCE (DANIEL HITT) | 2019-07-13 | 25,625 | 8,923 | 150DB | 20.000000000000 | 1,253 | 0 | 1,281 | |
| FRONT DOOR (SWITZER CONSTRUCTION) | 2019-09-09 | 1,700 | 592 | 150DB | 20.000000000000 | 83 | 0 | 85 | |
| REMEDIATION TO MOLD ISSUE (WEATHERSEAL) | 2019-01-29 | 11,390 | 3,967 | 150DB | 20.000000000000 | 557 | 0 | 570 | |
| CHICKEN COOP | 2019-06-08 | 2,777 | 967 | 150DB | 20.000000000000 | 136 | 0 | 139 | |
| DISHWASHER | 2019-09-26 | 933 | 761 | 150DB | 7.000000000000 | 115 | 0 | 133 | |
| STRATFORD HEAT | 2019-12-07 | 4,500 | 3,673 | 150DB | 7.000000000000 | 551 | 0 | 643 | |
| KAWASKI MULE FOR SPERRYVILLE SERIAL NUMBER JK BAFSG17K8504281 | 2019-01-08 | 16,600 | 13,550 | 150DB | 7.000000000000 | 2,033 | 0 | 2,371 | |
| HB560 POWER BROOM FOR VENTRAC | 2019-02-05 | 5,465 | 4,461 | 150DB | 7.000000000000 | 669 | 0 | 781 | |
| MAGNUM BLOWER BR 800X SN522865403 | 2020-06-02 | 600 | 150DB | 5.000000000000 | 0 | 0 | 50 | ||
| POLE PRUNER SN:XXX-XX-XXXX | 2020-07-20 | 600 | 150DB | 5.000000000000 | 0 | 0 | 70 | ||
| HONDA EB2800 INVERTER GENERATOR | 2020-07-11 | 894 | 150DB | 5.000000000000 | 0 | 0 | 89 | ||
| LASER FOR HORSES | 2020-08-16 | 4,185 | 150DB | 5.000000000000 | 0 | 0 | 558 | ||
| WATERERS SPERRYVILLE | 2020-08-16 | 1,557 | 150DB | 5.000000000000 | 0 | 0 | 208 | ||
| MS 720 MOWER SD MODEL 39.55111-MS SN:MS720-AA03898 | 2020-11-14 | 4,000 | 150DB | 5.000000000000 | 0 | 0 | 667 | ||
| HQ680 MOWER TOUGH CUT SN: HQ680-AD7164 | 2020-11-14 | 3,265 | 150DB | 5.000000000000 | 0 | 0 | 544 | ||
| 2020 GMC SIERRA 1500 | 2020-07-31 | 50,294 | 19,002 | 150DB | 5.000000000000 | 5,760 | 0 | 5,760 | |
| TABLE | 2021-08-30 | 2,228 | 150DB | 7.000000000000 | 0 | 0 | 318 | ||
| NEW ROOF CLIFF | 2021-05-16 | 987 | 150DB | 20.000000000000 | 0 | 0 | 49 | ||
| NEW ROOF OWL LANE | 2021-05-27 | 15,800 | 150DB | 20.000000000000 | 0 | 0 | 790 | ||
| INSTALLATION OF HYDRANT | 2021-06-22 | 1,275 | 150DB | 20.000000000000 | 0 | 0 | 64 | ||
| BUILDING - 10547 CLIFF MILLS ROAD | 2025-01-01 | 342,000 | SL | 39.000000000000 | 8,404 | 0 | 8,404 | ||
| LAND - 10547 CLIFF MILLS ROAD | 2025-01-01 | 558,000 | L | 0 | 0 | 0 | |||
| IMPROVEMENT FOR 2023 | 2023-07-01 | 23,040 | 150DB | 7.000000000000 | 987 | 0 | 3,291 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| SALE OF EQUIPMENT | 2017-01 | PURCHASED | 2025-10 | 2,125 | 4,750 | COST | 0 | 2,125 | 4,750 | |
| SALE OF KH500 LOADER | 2018-05 | PURCHASED | 2025-12 | 5,185 | 7,030 | COST | 0 | 4,754 | 6,599 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING IMPROVEMENT CLIFF MILLS FOR 2016 | 586,376 | 302,087 | 284,289 | 284,289 |
| EQUIPMENT | 13,000 | 13,000 | 0 | 0 |
| OIL TANK | 2,107 | 2,107 | 0 | 0 |
| TRACTOR | 2,593 | 2,593 | 0 | 0 |
| EQUIPMENT | 1,510 | 1,510 | 0 | 0 |
| HORSE | 1,000 | 1,000 | 0 | 0 |
| BUILDING IMPROVEMET FOR 2017 | 281,813 | 137,221 | 144,592 | 144,592 |
| LEASEHOLD - 23 EQUIP + 23 LEASEHOLD + 21 MISSING LEASEHOLD | 16,010 | 15,326 | 684 | 684 |
| TRACTOR | 22,500 | 6,716 | 15,784 | 15,784 |
| EQUIPMENT | 2,102 | 2,102 | 0 | 0 |
| 2 PROPANE TANKS | 4,200 | 4,200 | 0 | 0 |
| TRACTOR EQUIPMENT | 1,182 | 1,182 | 0 | 0 |
| CELL PHONE BOOSTER | 4,828 | 4,828 | 0 | 0 |
| SKID STEER FORK | 990 | 990 | 0 | 0 |
| HORSE - LISA MITCHELL | 1,500 | 1,500 | 0 | 0 |
| LAND - 9 TROTTER LN | 465,000 | 0 | 465,000 | 465,000 |
| BUILDING - 9 TROTTER LN | 310,000 | 137,116 | 172,884 | 172,884 |
| IMPROVEMENTS | 136,897 | 136,897 | 0 | 0 |
| IMPROVEMENT FOR 2018 | 208,083 | 92,036 | 116,047 | 116,047 |
| BUILDING FOR 2018 - CLIFF MILLS | 45,059 | 19,930 | 25,129 | 25,129 |
| AIR CONDITIONER | 17,510 | 17,510 | 0 | 0 |
| KUBOTA TRACTOR | 42,270 | 42,270 | 0 | 0 |
| SOLAR FANS | 5,820 | 5,820 | 0 | 0 |
| KAWASAKI GATOR | 16,600 | 16,600 | 0 | 0 |
| GENERATOR AND ACCESSORIES | 1,061 | 1,061 | 0 | 0 |
| WATER TREATMENT SYSTEM (APPLETON CAMPBELL) | 28,460 | 11,300 | 17,160 | 17,160 |
| GUTTERS (BOBBY WOODWARD) | 10,690 | 4,246 | 6,444 | 6,444 |
| ELECTRIC GATES (BOBBY WOODWARD) | 3,859 | 1,533 | 2,326 | 2,326 |
| FENCE (DANIEL HITT) | 25,625 | 10,176 | 15,449 | 15,449 |
| FRONT DOOR (SWITZER CONSTRUCTION) | 1,700 | 675 | 1,025 | 1,025 |
| REMEDIATION TO MOLD ISSUE (WEATHERSEAL) | 11,390 | 4,524 | 6,866 | 6,866 |
| CHICKEN COOP | 2,777 | 1,103 | 1,674 | 1,674 |
| DISHWASHER | 933 | 876 | 57 | 57 |
| STRATFORD HEAT | 4,500 | 4,224 | 276 | 276 |
| KAWASKI MULE FOR SPERRYVILLE SERIAL NUMBER JK BAFSG17K8504281 | 16,600 | 15,583 | 1,017 | 1,017 |
| HB560 POWER BROOM FOR VENTRAC | 5,465 | 5,130 | 335 | 335 |
| MAGNUM BLOWER BR 800X SN522865403 | 600 | 600 | 0 | 0 |
| POLE PRUNER SN:520368519 | 600 | 600 | 0 | 0 |
| HONDA EB2800 INVERTER GENERATOR | 894 | 894 | 0 | 0 |
| LASER FOR HORSES | 4,185 | 4,185 | 0 | 0 |
| WATERERS SPERRYVILLE | 1,557 | 1,557 | 0 | 0 |
| MS 720 MOWER SD MODEL 39.55111-MS SN:MS720-AA03898 | 4,000 | 4,000 | 0 | 0 |
| HQ680 MOWER TOUGH CUT SN: HQ680-AD7164 | 3,265 | 3,265 | 0 | 0 |
| 2020 GMC SIERRA 1500 | 50,294 | 42,862 | 7,432 | 7,432 |
| TABLE | 2,228 | 2,228 | 0 | 0 |
| NEW ROOF CLIFF | 987 | 987 | 0 | 0 |
| NEW ROOF OWL LANE | 15,800 | 15,800 | 0 | 0 |
| INSTALLATION OF HYDRANT | 1,275 | 1,275 | 0 | 0 |
| BUILDING - 10547 CLIFF MILLS ROAD | 342,000 | 8,404 | 333,596 | 333,596 |
| LAND - 10547 CLIFF MILLS ROAD | 558,000 | 0 | 558,000 | 558,000 |
| IMPROVEMENT FOR 2023 | 23,040 | 19,419 | 3,621 | 3,621 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DEPOSITS | 5,036 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| IT EXPENSE | 8,538 | 0 | 0 | 8,538 |
| SUPPLIES/BARN | 6,589 | 0 | 0 | 6,589 |
| WASTE DISPOSAL | 10,983 | 0 | 0 | 10,983 |
| LICENSES AND PERMITS | 275 | 0 | 0 | 275 |
| FEED | 57,940 | 0 | 0 | 57,940 |
| INSURANCE | 20,890 | 0 | 0 | 20,890 |
| REPAIRS AND MAINTENANCE | 29,646 | 0 | 0 | 29,646 |
| TELEPHONE | 4,349 | 0 | 0 | 4,349 |
| VETERINARY, BREEDING, MEDICINE | 16,469 | 0 | 0 | 16,469 |
| GAS. FUEL & OIL | 4,256 | 0 | 0 | 4,256 |
| COMPUTER & INTERNET EXPENSE | 2,353 | 0 | 0 | 2,353 |
| FERRIER EXPENSE | 14,410 | 0 | 0 | 14,410 |
| OFFICE SUPPLIES | 37 | 0 | 0 | 37 |
| POSTAGE & DELIVERY | 58 | 0 | 0 | 58 |
| AUTOMOBILE EXPENSES | 388 | 0 | 0 | 388 |
| BANK SERVICE CHARGES | 66 | 0 | 0 | 66 |
| EMPLOYEE APPRECIATION | 5,550 | 0 | 0 | 5,550 |
| MINOR EQUIPMENT | 360 | 0 | 0 | 360 |
| ADVERTISING | 190 | 0 | 0 | 190 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OFFSITE SERVICES | 3,030 | 3,030 |
| Description | Amount |
|---|---|
| RECLASSIFICATION OF PAID IN CAPITAL SURPLUS | 912,213 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL LIABILITIES | 11,936 | 16,754 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 3,020 | 0 | 0 | 3,020 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PERSONAL PROPERTY | 1,220 | 0 | 0 | 1,220 |
| PAYROLL TAXES | 37,375 | 0 | 0 | 37,375 |
| REAL ESTATE TAXES | 13,636 | 0 | 0 | 13,636 |