Annual report pursuant to Section 13 and 15(d)

Note 2 - Significant Accounting Policies: Property and Equipment (Policies)

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Note 2 - Significant Accounting Policies: Property and Equipment (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Property and Equipment

Property and Equipment

 

Property and equipment are stated at cost, less accumulated depreciation. Depreciation is calculated using the straight-line method over the asset's estimated useful life, which is five years for furniture and all other equipment. Expenditures for maintenance and repairs are expensed as incurred.