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TheBane

11/25/14 1:45 AM

#106638 RE: Sharkey #106634

So why are you so confused on this issue? A company can choose to write off amort and deprc monthly, quarterly or annually, its up to them. You specifically said that the Company did not book amort and depr, that it was not done quarterly, that is because it was and is done on an annual schedule. This company writes it off on a yearly schedule that is itemized right in the balance sheet. Take a look on the 2013 report, a total of $629,583.56 in accumulated amortization and $155,220.00 in accumulated depreciation. Fiscal year 2013 shows $127,857.00 in assets written down. Where are you confused? It took me 2 minutes to find this info in this Company's disclosures.