Property and equipment

3 Months Ended

Mar. 31, 2013

Note 4 Property and equipment

.	March 31 2013	June 30, 2012
Cost
Computer equipment	$ 3,618	$ 1,409
Office equipment and furnishings	10,705	6,136
Leasehold improvements	--	12,652

Gross cost	14,323	20,197
Accumulated depreciation	(3,400)	(2,413)

Net book value	$ 10,923	$ 17,784

- 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.

+ References+ Details

Crown Alliance Capital Ltd 10-Q