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NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Fixed assets and depreciation (Policies)
6 Months Ended
Jun. 30, 2020
Policies  
Fixed assets and depreciation Fixed assets and depreciation

 

Property and equipment is stated at cost net of accumulated depreciation. Additions and improvements are capitalized while ordinary maintenance and repair expenditures are charged to expense as incurred. Depreciation is recorded by the straight-line method over the estimated useful life of the asset, which ranges from five to seven years.