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Note 4. General Property, Plant and Equipment

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Equipment and information technology (IT) assets are capitalized annually if they have useful lives of at least two years and an individual value of $25,000 or more. Bulk or aggregate purchases are capitalized when the individual useful lives are at least two years and a value of $25,000 or more. Depreciation for equipment and software is computed on a straight-line basis using a 5-year life. Leasehold improvements are amortized over the remaining life of the lease. Property, Plant and Equipment as of September 30, 2011 and 2010 consisted of the following:

GENERAL PROPERTY, PLANT AND EQUIPMENT
As of September 30, 2011
2011
Major Class
Service Life and Method Cost Accumulated
Amortization/
Depreciation
Net Book
Value
Equipment 5 Years/Straight Line $23,845,759 $(7,582,852) $16,262,907
IT Software 5 Years/Straight Line 10,061,707 (4,942,862) 5,118,845
Software in Development - Cost Not Applicable 3,513,454 3,513,454
Leasehold Improvements Remaining Life of Lease/Straight Line 15,345,533 (1,427,205) 13,918,328
Construction In Progress Not Applicable 3,533,361 3,533,361
    $56,299,814 $(13,952,919) $42,346,895


GENERAL PROPERTY, PLANT AND EQUIPMENT
As of September 30, 2010
2010
Major Class
Service Life and Method Cost Accumulated
Amortization/
Depreciation
Net Book
Value
Equipment 5 Years/Straight Line $16,216,141 $(3,676,813) $12,539,329
IT Software 5 Years/Straight Line 7,942,333 (3,230,165) 4,712,168
Software in Development - Cost Not Applicable 1,778,364 1,778,364
Leasehold Improvements Remaining Life of Lease/Straight Line 6,043,344 (653,766) 5,389,577
Construction In Progress Not Applicable 784,349 784,349
    $32,764,531 $(7,560,744) $25,203,787

 

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