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NOTE 6 - FIXED ASSETS, NET

9 Months Ended

Sep. 30, 2019

Notes

NOTE 6 - FIXED ASSETS, NET

NOTE 6 – FIXED ASSETS, NET

Fixed assets, net at September 30, 2019 and December 31, 2018 consist of the following:

		September 30,		December 31,
		2019		2018
Telecommunication equipment	$	248,046	$	245,686
Telecommunication software		404,391		400,903
Other equipment		8,242		-
Total fixed assets		660,679		646,589
Accumulated depreciation and amortization		(390,288)		(361,482)
Total Fixed assets	$	270,391	$	285,107

Depreciation expense for the nine months ended September 30, 2019 and 2018 amounted to $26,473 and $21,724, respectively.

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- 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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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