Note 4 Property, Plant, and Equipment, Net
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 |
As of September 30, 2009, 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 | $284,681 | $235,850 | $48,831 |
| Software | SL | 3-5 | 271,084 | 221,858 | 49,226 |
| Software in Progress | — | — | 25,771 | — | 25,771 |
| Furniture | SL | 5 | 28,315 | 19,931 | 8,384 |
| Equipment | SL | 3-5 | 13,730 | 11,497 | 2,233 |
| Leasehold Improvements | SL | 5-20 | 94,923 | 23,566 | 71,357 |
| Total Property, Plant, and Equipment | $718,504 | $512,702 | $205,802 |
