Note 8 - Equipment

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

Note 8 – Equipment

Equipment is recorded at cost. Depreciation of equipment is provided using the straight-line method over the assets estimated useful lives of approximately 3 to 5 years. Equipment, as of March 31, 2013 and December 31, 2012, consisted of the following:

	Estimated Useful Lives	March 31, 2013		December 31, 2012

Computer Equipment	3 Years	$	3,214	$	3,214
Accumulated depreciation			(1,042)		(777)
		$	2,172	$	2,437

Depreciation expense for the three month period ended March 31, 2013 was $265 (March 31, 2012 - $nil).

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details

Bluforest Inc. 10-Q/A