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Note 3 Summary of Significant Accounting Policies: (e) Property and Equipment (Policies)
6 Months Ended
Sep. 30, 2012
(e) Property and Equipment:  
(e) Property and Equipment

(e)        Property and equipment

 

Property and equipment are stated at cost less accumulated depreciation and impairment losses. Improvements to leased assets or fixtures are amortized over their estimated useful lives or lease period, whichever is shorter. Expenditures for repairs and maintenance, which do not extend the useful life of the assets, are expensed as incurred.

 

Depreciation expense is recorded over the asset’s estimated useful lives or lease period, using the straight line method, at the following annual rates:-

 

Furniture and equipment: 10% - 20%, per annum

Computer equipment: 10%, per annum

Leaseholder improvements:  over the lease term