Commonwealth Income & Growth Fund V - Statement of Operations (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Lease	$ 317,273	$ 349,513	$ 934,124	$ 1,125,181
Interest and other	112	2,104	451	6,279
Gain (loss) on sale of computer equipment	3,245	12,291	22,431	62,861
Total revenue	320,630	363,908	957,006	1,194,321
Operating, excluding legal, depreciation	27,031	56,263	165,207	405,428
Legal Fees	2,622	22,449	20,591	231,477
Contingency loss				176,000
Equipment management fee, General Partner	7,932	8,748	23,765	28,130
Interest	14,192	11,956	36,620	21,713
Depreciation	282,415	307,685	807,625	1,154,396
Amortization of equipment acquisition costs and deferred expenses	9,914	17,223	39,414	53,324
Bad debt expense	2,975		2,975
Other			3,015
Total expenses	347,081	424,324	1,099,212	2,070,468
Net Income (Loss)	(26,451)	(60,416)	(142,206)	(876,147)
Net income allocated to Limited Partners	$ (26,451)	$ (60,416)	$ (142,206)	$ (877,569)
Net income per equivalent Limited Partnership unit	$ (0.02)	$ (0.05)	$ (0.11)	$ (0.71)
Weighted average number of equivalent limited partnership units outstanding during the period	1,236,608	1,236,608	1,236,608	1,236,848