NOTE 4. Property, Plant, and Equipment, Net
As of September 30, 2005, property, plant, and equipment, net consisted of the following:
| Class of Fixed Asset | Depreciation/ Amortization Method |
Service Life (Years) |
Acquisition Value |
Accumulated Depreciation/ Amortization |
Net Book Value |
|---|---|---|---|---|---|
| IT Equipment | SL | 3-5 | $197,719 | $163,412 | $ 34,307 |
| Software | SL | 3-5 | 179,566 | 147,274 | 32,292 |
| Software in Progress | - | - | 6,099 | - | 6,099 |
| Furniture | SL | 5 | 15,318 | 5,691 | 9,627 |
| Equipment | SL | 3-5 | 10,150 | 7,989 | 2,161 |
| Leasehold Improvements | SL | 5-20 | 68,724 | 4,809 | 63,915 |
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| Total Fixed Assets | $477,576 | $329,175 | $148,401 | ||
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As of September 30, 2004, property, plant, and equipment, net consisted of the following:
| Class of Fixed Asset | Depreciation/ Amortization Method |
Service Life (Years) |
Acquisition Value |
Accumulated Depreciation/ Amortization |
Net Book Value |
|---|---|---|---|---|---|
| IT Equipment | SL | 3-5 | $193,116 | $163,050 | $ 30,066 |
| Software | SL | 3-5 | 173,341 | 127,564 | 45,777 |
| Software in Progress | - | - | 5,893 | - | 5,893 |
| Furniture | SL | 5 | 10,541 | 6,312 | 4,229 |
| Equipment | SL | 3-5 | 10,798 | 10,094 | 704 |
| Construction in Progress | - | - | 25,196 | - | 25,196 |
| Leasehold Improvements | SL | 20 | 25,810 | 372 | 25,438 |
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| Total Fixed Assets | $444,695 | $307,392 | $137,303 | ||
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