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Organization and Description of Business: Fixed Assets (Policies)
9 Months Ended
Sep. 30, 2016
Policies  
Fixed Assets

 

g. Fixed Assets

 

Fixed assets are stated at cost.  Expenditure for minor repairs, maintenance, and replacement parts which do not increase the useful lives of the assets are charged to expense as incurred. Expenditures exceeding $500 for new assets, or that increase the useful life of existing assets, are capitalized.  Depreciation is computed using the straight-line method.  The lives over which the fixed assets are depreciated are five to seven years.