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Note 1 - Organization and Summary of Significant Accounting Policies: Property and Equipment (Policies)
3 Months Ended
Sep. 30, 2012
Property and Equipment:  
Property and Equipment

PROPERTY AND EQUIPMENT

 

Property and equipment are carried at cost. Depreciation is provided using the straight-line method over the estimated economic lives of the assets, which range from five to twenty years. The cost of repairs and maintenance are expensed as incurred and major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in the income statement in the year of disposition.