Full Alliance Group Inc. (FAGI)

[SeaOhToo]

Property and Equipment
Property and equipment are stated at cost. Expenditures for maintenance and repairs are charged to earnings as incurred. Additions, renewals and betterments are capitalized. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and a gain or loss is included in operations. Depreciation of property and equipment is provided using the straight- line method for substantially all assets with estimated lives of five to seven years. As of September 30, 2015 the Company had no property and equipment.