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I North Olmsted Gymnastics, Inc. I <br />Schedule "A" <br />Appraisal Explanation <br />On June 2, 1999, an appraisal of a11 equipment in the gym was conducted by Toledo P.E. <br />Supply, a trusted supplier of gymnastics equipment who serves many gyms in the area. For the <br />sake of clarity, the figures obtained from this appraisal were not changed due to the current age <br />and the life expectancy of the equipment. All of said equipment was purchased "used" and has, <br />for all intents and purposes, maintained the original appraised value (depreciation values were <br />"calculated" using replacement costs of the equipment (new) and the determined age of the <br />equipment. The value of the equipment has "tapered offl' and has lost little, if any, value at this <br />point). This equipment is listed on pages 2-4 of "Equipment Owned by N.O. Gymnastics" as <br />well as page 5 showing "Equipment Jointly Owned" and "Equipment Owned by Rec. Center." <br />The figures on page 5 are used in Schedule "B" and show a grand total of all equipment to be <br />purchased by N.O. Gymnastics, Inc. in the lower right-hand corner of the page ($3,285.00). <br />Page One (1) of Schedule "A" lists all equipment purchased after said appraisal, and <br />depreciation values were assigned based on a 20 to 30 year life expectancy (depending on the <br />nature of the equipment). Please Note: T'he items on Page 1 that appear in a"grayed" <br />background were purchased used in lump sum" form . The total value of this purchase is <br />shown on the top listed item; thus, all remaining items show a value of $0.00 with a 0% <br />depreciation. Once again, this was done for clarity's sake, as these items are not needed for <br />Schedule "B" calculations. Also Note: The top four items on the page were just purchased and <br />received, so a 0% depreciation value was assigned. Again, these items do not affect Schedule <br />"B" figures. <br />T'he remaining pages of Schedule "A" (pages 2-5) list the June 2, 1999 appraised items <br />and the new purchases, and are organized by the area of the gym and the function in which they <br />serve. <br />.. . . . ... . .... P-?.1t'u:'?t$Y9.?b4.ro-+ '?-«•A?aYY-+ x?t+f . . ..-. . , .. .. . . .. ...... . ... . .. .. . . ?; v . . .. ?? ? . ? ?