Get Appendix 1 Worksheet - Annual Report List Only Assets - Reference180

This guide provides clear and supportive instructions for users on filling out the Appendix 1 Worksheet for the Annual Report. Tailored for individuals with varying levels of experience, this comprehensive guide will help ensure the accurate completion of the document online.

Follow the steps to effectively complete the worksheet.

1. Click the ‘Get Form’ button to access the Appendix 1 Worksheet and open it for editing.
2. Begin by entering your cash assets on line 1. Report the total amount available, which should reflect the accurate cash balance on the date the report is prepared.
3. For line 2a, input the total amount for trade notes and accounts receivable. This includes all amounts owed to your business by customers.
4. On line 2b, subtract the allowance for bad debts from your accounts receivable to report the net collectible amount.
5. Continue by filling in line 3 with the value of inventories. This should reflect the cost of all goods available for sale as of the fiscal year end.
6. Report any U.S. government obligations on line 4, inputting the current market value or assessed value of these assets.
7. On line 5, declare local tax-exempt securities accurately.
8. Fill in line 6 for other current assets not categorized elsewhere; provide a detailed breakdown if necessary.
9. Line 7 is for loans provided to stockholders. List the total of any loans made by your company to its shareholders.
10. For line 8, include any mortgage and real estate loans, highlighting the assets owned rather than the liabilities.
11. On line 9, report other investments, ensuring to detail any additional forms of investment your company has.
12. For buildings and other depreciable assets on line 10, use assessed valuation and do not deduct accumulated depreciation.
13. Line 11 requires entering the value of depletable assets based on their gross production assessment.
14. For line 12, enter the assessed value of land, avoiding the balance sheet value.
15. Line 13a is for intangible assets; report their estimated value accordingly.
16. Use line 13b to subtract any accumulated amortization on your intangible assets.
17. On line 14, report any other assets not previously listed.
18. Finally, sum lines 1 through 14 and enter the total asset value on line 15 for computing tax.
19. Review all entries for accuracy, then save any changes made to the form. You may also download, print, or share as needed.

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