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r <br />CRA CARE CENTERS. INC <br />SUMMARY OF SIGNIFICANT FORECAST ASSUMPTIONS <br />AND ACCOUNTING POLICIES <br />FOR THE YEARS ENDING MARCH 31, 2001 - 2005 <br />NOTE 4 - CONTINUED <br />Pro er and E ui menF <br />Capital assets have been recorded at forecasted costs. Depreciation has been recorded as follows: <br />Method of Annual <br />Amount Depreciation Life Depreciation <br />Land $ 340.000 <br />Land Improvements 327,000 Straight Lane 20 $ 16,350 <br />Building 3,648,800 Straight Line 40 88,720 <br />Equipment 166,000, Straight Line 7 23.714 <br />$4,381 800 $128,784 <br />Qeferred Costs <br />Financing costs have been based on the cost of borrowing funds .-seeded for acquisition of the fa--lity. <br />.Amortization has been recorded as follows: <br />Amortization <br />Annual <br />Amount Period <br />Deoreciation <br />Start-up $ 105.004 5 <br />$ 21,000 <br />Financing 283,085 40 <br />7.077 <br />$ 388,085 $_28.077 <br />NOTE 5 - LIABILITIES <br />Accounts and Notes Payable <br />Accounts payable consists of trade payables and other payables (i.e. payroll taxes). The amounts reflect <br />an average of 30 days for all food and supply expenses and two weeks for payroll expenses. <br />