Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Policy (Policies)

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Property and Equipment, Policy (Policies)
6 Months Ended
Jun. 30, 2012
Policies  
Property and Equipment, Policy

 

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.