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sicofbs

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sicofbs

Re: MtcInvestor post# 28957

Saturday, 09/17/2011 1:12:29 AM

Saturday, September 17, 2011 1:12:29 AM

Post# of 129054
well at least they owm
something after spending $66,000,000.00....................lol
EQUIPMENT
(USD $) 6 Months Ended
06/30/2011
Note 6 - EQUIPMENT

Equipment $ 1,267
Computer 223
$ 1,490



Computerand equipment are stated at cost. Maintenance and repairs are charged to expense as incurred and the cost of renewals andbetterments are capitalized. Depreciation is computed using the straight-line method over the estimated lives of the relatedassets, 2 years for computer and 5 years for equipment.

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