Note 5. Property, Plant, and Equipment, Net
As of September 30, 2011, 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 | $362,755 | $269,654 | $93,101 |
| Software | SL | 3-5 | 294,365 | 263,549 | 30,816 |
| Software in Progress | — | — | 14,573 | — | 14,573 |
| Furniture | SL | 5-7 | 15,579 | 13,005 | 2,574 |
| Equipment | SL | 3-8 | 13,461 | 13,210 | 251 |
| Leasehold Improvements | SL | 5-20 | 99,747 | 34,434 | 65,313 |
| Total Property, Plant, and Equipment | $800,480 | $593,852 | $206,628 |
As of September 30, 2010, 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 | $291,893 | $249,092 | $42,801 |
| Software | SL | 3-5 | 280,916 | 246,359 | 34,557 |
| Software in Progress | — | — | 22,763 | — | 22,763 |
| Furniture | SL | 5-7 | 23,265 | 18,433 | 4,832 |
| Equipment | SL | 3-8 | 13,738 | 12,405 | 1,333 |
| Leasehold Improvements | SL | 5-20 | 97,218 | 29,107 | 68,111 |
| Total Property, Plant, and Equipment | $729,793 | $555,396 | $174,397 |
