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<br />NORTH METRO TELECOMMUNICATIONS COMMISSION
<br />NOTES TO FINANCIAL STATEMENTS
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<br />NOTE 2.
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<br />DEPOSITS AND INVESTMENTS (continued)
<br />
<br />As of December 31, 2004, the Commission's cash and investment balances were
<br />as follows:
<br />
<br /> Description Amount
<br /> 4M Fund $ 1,039,521
<br /> Deposits 100,420
<br /> Total $ 1,139,941
<br />NOTE 3. CAPIT AL ASSETS
<br />
<br />A summary of changes in capital assets is as follows:
<br />
<br /> Balance Balance
<br /> December 31 , December 31,
<br />Description 2003 Increases Decreases 2004
<br />Land $ 225,700 $ $ $ 225,700
<br />Depreciable assets:
<br />Building 141,286 1,302,566 1,443,852
<br />Office and studio equipment 1,360,640 433,535 (810,371) 983,804
<br />Vehicles 45,810 45,810
<br />Total depreciable assets 1,547,736 1,736,101 (810,371) 2,473,466
<br />Accumulated depreciation:
<br />Building (8,588) (8,588)
<br />Office and studio equipment (732,659) (170,960) 632,322 (271,297)
<br />Vehicles (21,058) (7,679) (28,737)
<br />Total accumulated depreciation (753,717) (187,227) 632,322 (308,622)
<br />Capital assets, net $ 1,019,719 $ 1,548,874 $ (178,049) $ 2,390,544
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<br />P.13[
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