Note 1 - Summary of Significant Accounting Policies: Property and Equipment (Policies) |
3 Months Ended |
|---|---|
Jun. 30, 2018 | |
| Policies | |
| Property and Equipment | Property and Equipment
Property and equipment are stated at cost less accumulated depreciation. Expenditures for repairs and maintenance are charged to expense as incurred and additions and improvements that significantly extend the lives of assets are capitalized. Upon sale or other retirement of depreciable property, the cost and accumulated depreciation are removed from the related accounts and any gain or loss is reflected in operations.
Property and equipment at June 30, 2018 and March 31, 2018, and the estimated useful lives used in computing depreciation, are as follows:
Building 40 years Building improvements 8 years Vehicles 5 years Equipment 5 8 years Furniture and fixtures 5 years
Depreciation is provided using the straight-line method over the estimated useful lives of the depreciable assets. Depreciation expense was $5,222 and $17,667 for the period ended June 30, 2018 and year ended March 31, 2018, respectively. |