Note 4 - Furniture and Equipment
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2013
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Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||
Furniture and Equipment |
Note 4 Furniture and Equipment
Furniture and equipment stated at cost, less accumulated depreciation consisted of the following:
Depreciation Expense
Depreciation expense is included in the statements of operations. Depreciation expense was $24 and $0 for the fiscal year ended March 31, 2013 and 2012, respectively.
Impairment
The management of the Company determined that there was no impairment of furniture and equipment for the fiscal year ended March 31, 2013 or 2012.
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- Details
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- Definition
The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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