Montana State Lottery Audited Financial Statements 1990
The book Montana State Lottery Audited Financial Statements 1990 was written by author Montana. Legislature. Office of the Legislative Auditor Here you can read free online of Montana State Lottery Audited Financial Statements 1990 book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Montana State Lottery Audited Financial Statements 1990 a good or bad book?
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These funds are highly liquid and may be drawn on daily. Inventory: Inventories consist of tickets and supplies. Ticket inventory includes lottery instant tickets stored in the warehouse and with marketing representatives. The tickets are carried at cost using the specific identification method. Tickets are charged to cost of sales when sold and unsold tickets are charged to cost of sales upon the end or cancellation of a game. Supply inventory is carried at cost and expensed as used. Fixed Ass...ets: Fixed assets are recorded at cost and depreciation or amortiz- ation is computed using the straight-line basis over the following estimated useful lives: Computer 6 years Software 5 years Vehicles 4 years Furniture and equipment 6-10 years Advertising License Fee: Advertising license fee is recorded at cost and amortization is computed using the straight-line basis over a 3-year estimated useful life. Accounts Receivable: Accounts receivable represent amounts due the Lottery for purchased tickets.
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