NOTE 4. Property, Plant, and Equipment, Net
NOTE 4. Property, Plant, and Equipment, Net
As of September 30, 2006, property, plant, and equipment, net consisted of the following:
| Classes of Property, Plant, and Equipment | Depreciation/
Amortization Method |
Service
Life (Years) |
Acquisition
Value |
Accumulated
Depreciation/ Amortization |
Net Book
Value |
|---|---|---|---|---|---|
| IT Equipment | SL | 3-5 | $227,350 | $180,831 | $ 46,519 |
| Software | SL | 3-5 | 198,492 | 166,811 | 31,681 |
| Software in Progress | - | - | 8,041 | - | 8,041 |
| Furniture | SL | 5 | 21,986 | 7,969 | 14,017 |
| Equipment | SL | 3-5 | 11,659 | 8,648 | 3,011 |
| Leasehold Improvements | SL | 5-20 | 69,765 | 8,496 | 61,269 |
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| Total Property, Plant, and Equipment | $537,293 | $372,755 | $164,538 | ||
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As of September 30, 2005, property, plant, and equipment, net consisted of the following:
| Classes of Property, Plant, and Equipment | 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 Property, Plant, and Equipment | $477,576 | $329,175 | $148,401 | ||
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