Apple Blossom Cologne Company F-1

Property, Plant, and Equipment 1-27-04

12-31-03 JWP
(Prepared by Client)
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Asset Cost
End.
Asset Description Additions Disposals Bal.
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Land 82250 Z

Buildings 276263 Z

Machinery & Equip-

ment (Plant) 540845 Z

Automotive 99425 Z

Office Furniture 106433 Z

and Fixtures
Per client 1105216 0 0 0
Audit adjustments:
^ ^ ^ ^^

Per audit 1105216 0 0 0

^ Footed.
^^ Crossfooted.
Z Agreed to prior year's audit working papers.
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Accumulated Depreciation
Depreciation Beg. Expense End.
Rate-Method Bal. Additions Disposals Bal.
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---

3 1/3% S.L 65416 Z

(30 YEARS)

5% S.L. 160866 Z
(20 YEARS)

25% S.L. 52798 Z

(4 YEARS)

5% S.L. 37581 Z
(20 YEARS)
316661 0 0 0
(TB-IS)
^ ^ ^ ^^

316661 0 0 0
 Apple Blossom Cologne Company F-2
Additions to Property, Plant, and Equipment
12-31-03

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Vo.
No. Vendor Item Description Cost
========================================================================================================
5-40 Stark Equipment Two Stark G720 Forklift 23,200
Michigan City, IN tractors @ $11,600 ea.

8-19 Simon-Weller Manufactur- One Simon-Weller 210,000

ing, Gary, IN pneumatic packaging
machine

8-30 Meyers Belts & Conveyors Complete conveyer system 271,600

Chicago, IL for loading trucks on
shipping dock

12-10 Hart-Murphy Office One Zorex office photocopy 8,400

Outfitters machine
Chicago, IL
513,200
 Apple Blossom Cologne Company F-3
Retirements of Property, Plant, and Equipment
12-31-03
(Prepared by Client)
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Journal
Vo. Asset Description Date Date Depreciation Cost Accum, Book
No. Acquired Sold Rate-Method Deprec. Value
====================================================================================================

8-32 Machinery and equipment 5-20-97 8-20-03 5% S. L. 39,600 11,880 27,720

3-ton heavy duty ceiling hoist

39,600 0 27,720

39,600 0 27,720
==============================================================================================================
Gain
Proceeds (Loss) on
Disposal
==============================================================================================================

12,450 -15,270

12,450 -15,270

12,450 -15,270
 Apple Blossom Cologne Company F-4
Depreciation Computation
12-31-03
(Prepared by client)
===================================================================================
2003
Deprec.
Asset Amount Rate Provision Totals
===================================================================================
BUILDINGS:
Held full year 276,263 3.33% 9,209
Additions --- ---
Retirements --- --- 9,209
MACH. & EQUIPMENT:
Held full year 540,845 5.00% 27,042
Additions 513,200 2.50% 12,830
Retirements 39,600 2.50% 990 40,862
AUTOMOTIVE :
Held full year 99,425 25.00% 24,856
Additions --- ---
Retirements --- --- 24,856
OFFICE FURN & FIXTURES:
Held full year 106,433 5.00% 5,322
Additions 8,400 2.50% 210
Retirements --- --- 5,532

80,459 80,459
 Apple Blossom Cologne Company F-5
Repairs and Maintenance Account
12-31-03
(Prepared by client)
======================================================================================================

Vo.
No. Vendor Item Description Cost
======================================================================================================

2-18 Thompson Industrial Repair parts for overhead retrieval 3,190

Chicago, IL system

3-25 Stark Equipment Repairs to forklift tractor 1,800

Michigan City, IN

8-21 Simon-Weller Manu Installation of Simon-Weller packaging 2,650

Gary. IN machine

9-12 Kapel and Kapel Rearrange machinery in plant for new 3,600
Barrington, IL conveyor system

12-01 Alex McBane Heat. Annual servicing of 650

& Air Cond. furnace & heating systems
Chicago, IL
11,890
Vouchers less than $500 not
listed 2,350
14,240
 Apple Blossom Cologne Company F-6
Equipment Lease 1-26-04
12-31-03 JWP
1 of 2
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======================================================================================
Lease Obligation July 1, 2003 u 74800
Less: payments in 2003 -0-
Lease balance December 31, 2003 74800

Interest Accrual Related to Lease

Obligation

74,800 X .11 X .5 = 4114

Depreciation on Capitalized Asset:

74,800 X .10 X .5 = 3740

E Examined copy of lease.

u Traced to minutes of Board of Directors.
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E
 Apple Blossom Cologne Company F-6.1
Equipment Lease 1-26-04
12-31-03 JWP
2 of 2
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Current portion of Lease Obligation

Annual Reduction Lease

Lease Interest of Lease Oblig.
Payment (11%) Oblig. Balance
12-31-03 - - - 74,800

7-1-04 12,701 8,228 4,473 70,327

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