The book Montana Lottery Annual Report 2003 was written by author Montana Lottery Here you can read free online of Montana Lottery Annual Report 2003 book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Montana Lottery Annual Report 2003 a good or bad book?
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The Lottery holds two main types of fixed assets: 1) a fleet of vehicles used by the sales staff and 2) the Games Management System (GMS), which tracks and controls the sale of all Lottery products, validation 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, both for scratch and lotto games, located at retail locations. Fixed assets are depreciated using the straight-line metho...d over the appropriate estimated useful life, ranging from three to seven years. Q In Fiscal Year 2003, fixed asset purchases consisted of two replacement vehicles for $39,396. In 1999, the Lottery entered into a loan agreement with Norwest Investment Services to purchase the Games Management System. The 5-year loan was for $5,025,311 at 5.12% interest and payments are made quarterly. At the end of Fiscal Year 2003, the outstanding principal amount is $1,109,836, a reduction of $1,054,786 from the previous year.
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