桃汁影院, Inc. Current report filing

Current report filing

Property and Equipment

Property and Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 5. Property and Equipment

Property and equipment consisted of the following at December 31, 2011 and 2010:

	December 31, 2011			December 31, 2010
Call center	$	121,313		$	-
Computer and office equipment		38,576			26,458
Library (online)		100,000			100,000
Vehicle		39,737			39,737
		299,626			166,195
Accumulated depreciation		(169,682	)		(144,311	)
Property and equipment, net	$	129,944		$	21,884

Depreciation expense for the years ended December 31, 2011 and 2010 was $25,371 and $43,848, respectively. Accumulated depreciation amounted to $169,682 and $144,311 as of December 31, 2011 and 2010, respectively.

- 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.

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