Financial Statements And Independent Auditors' Report, Montana State Lottery, June 30, .. 2004
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Continued Management's Discussion and Analysis CAPITAL ASSETS AND DEBT ADMINISTRATION The Lottery follows the State's pohcy of capitalizing fixed assets with an historical value of $5,000 or more. The Lottery fixed assets are divided into three categories: 1) a fleet of vehicles used by the sales staff, 2) office or computer equipment, and 3) the Games Management System (GMS), which tracks and controls the sale of all Lottery products, vahdation of winning tickets, and payments to winners. GMS ...consists of centralized computer equipment and operating software located in Helena and includes all of the terminals (selling scratch tickets, Qwik Tix and lotto games) located at retail locations. GMS prints over 70% of the lottery tickets, the remainder are scratch tickets, which are printed at a printer.
Fixed assets are depreciated using the sttaight-line method over the appropriate estimated usefiil life, ranging from three to seven years.
In fiscal year 2004, fixed asset purchases consisted of a replacement vehicle for $1 9,333, an uninterruptible power supply for the computer systems for $13,366 and a commercial grade shredder to dispose of outdated scratch tickets for S6,140.
What to read after Financial Statements And Independent Auditors' Report, Montana State Lottery, June 30, .. 2004?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Legislative Audit Division to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Continued Management's Discussion and Analysis CAPITAL ASSETS AND DEBT ADMINISTRATION The Lottery follows the State's pohcy of capitalizing fixed assets with an historical value of $5,000 or more. The Lottery fixed assets are divided into three categories: 1) a fleet of vehicles used by the sales staff, 2) office or computer equipment, and 3) the Games Management System (GMS), which tracks and controls the sale of all Lottery products, vahdation of winning tickets, and payments to winners. GMS ...consists of centralized computer equipment and operating software located in Helena and includes all of the terminals (selling scratch tickets, Qwik Tix and lotto games) located at retail locations. GMS prints over 70% of the lottery tickets, the remainder are scratch tickets, which are printed at a printer.
Fixed assets are depreciated using the sttaight-line method over the appropriate estimated usefiil life, ranging from three to seven years.
In fiscal year 2004, fixed asset purchases consisted of a replacement vehicle for $1 9,333, an uninterruptible power supply for the computer systems for $13,366 and a commercial grade shredder to dispose of outdated scratch tickets for S6,140.
What to read after Financial Statements And Independent Auditors' Report, Montana State Lottery, June 30, .. 2004?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Legislative Audit Division to read onlineMoreLess
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