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Basis of Presentation: Property and Equipment, Policy (Policies)
3 Months Ended
Mar. 31, 2014
Policies  
Property and Equipment, Policy

Property and Equipment

 

Property and equipment are stated at cost and depreciated using both straight-line and accelerated methods over estimated useful lives ranging from 3 to 15 years. Upon disposition of property and equipment, related gains and losses are recorded in operations. Expenditures for major renewals and betterments that extend the useful lives of property and equipment are capitalized. Expenditures for maintenance and repairs are charged to expenses as incurred.