Maryland Form 1 and 4c question

[mdmom]

Our company is based in Maryland and I'm filling out the Form 1 and balance sheet.  

We disposed of an asset that was purchased in 2010 for $433.  On the form 4c, I'm putting we disposed of the depreciated value of $271.

My question is on the form 1, should I subtract the original amount from the table?  Or will form 1 just not balance with the balance sheet after this.

 

Either way it doesn't even matter, we don't pay taxes as a nonprofit doing business in a tax exempt city in Maryland.  But we are required to submit it any way!

 

Thanks!!!

[Abby Normal]

You remove the original cost from the table and show the original cost on the 4C as a disposal. 4C needs to reconcile to 4B and it should also match the table on Form 1.

[mdmom]

Thanks!!