Wellesley Youth Football Inc

“Description: dues. Amount: 4,428. Description: referees. Amount: 9,185. Description: concessions. Amount: 1,103. Description: payroll expense. Amount: 2,086. Description: storage. Amount: 2,400. Description: field expense. Amount: 7,560. Description: professional fee. Amount: 1,975. Description: other. Amount: 8,012. Description: insurance. Amount: 1,326. Description: charity. Amount: 475. Description: program expense - practice. Amount: 82. Description: awards. Amount: 954. Description: program expense - trainers. Amount: 2,500. Description: depreciation expense. Amount: 21,021. Description: tax payment. Amount: 35. Description: payroll tax. Amount: 3,106. Description: supplies. Amount: 1,713. Total to form 990-ez, line 16: 67,961.”

“During the taxable year, the taxpayer purchased equipment totaling $7,620. Pursuant to the instructions for form 990-ez and irs publication 946, this equipment is being depreciated over a 10-year useful life. The taxpayer has elected to use the straight-line method of depreciation resulting in a deduction of $762 per year. The table below summarizes this information: 2010-2017 depreciable basis 202,588 current year depreciation expense 20,259 beginning accumulated depreciation 96,713 ending accumulated depreciation 116,972 beginning depreciable basis 105,874 ending depreciable basis 85,616 2018 depreciable basis 7,620 current year depreciation expense 762 beginning accumulated depreciation 0 ending accumulated depreciation 762 beginning depreciable basis 0 ending depreciable basis 6,858 ----------------------------------------------------------------------- toal depreciable basis 210,208 total current year depreciation expense 21,021 total beginning accumulated depreciation 96,713 total ending accumulated depreciation 117,734 total beginning depreciable basis 105,874 total ending depreciable basis 92,474”

“Description: other depreciable assets. Beg. Of year amount: 105,874. End of year amount: 92,474.”