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U.S. TRADE AND DEVELOPMENT AGENCY
NOTES TO FINANCIAL STATEMENTS
September 30, 2020 and 2019
(4) General Property and Equipment, Net
General property and equipment and related accumulated depreciation balances at September 30, 2020 and 2019, are as follows:
September 30, 2020
 Class of Asset
Computer Equipment Furniture and Fixtures Computer Software Other Equipment Leasehold Improvements
Class of Asset
Computer Equipment Furniture and Fixtures Computer Software Other Equipment Leasehold Improvements
Service Life
5 years 10 years 5 years 10 years 10 years
Acquisition value
$ 933,210 377,709 107,856 688,922 1,932,719
$ 4,040,416
Accumulated depreciation/ amortization
$ 800,190 271,939 90,570 244,268 473,784
$ 1,880,751
Accumulated depreciation/ amortization
$ 601,103 246,411 73,982 238,452 280,512
$ 1,440,460
Net book value
$ 133,020 105,770 17,286 444,654 1,458,935
$ 2,159,665
Net book value
$ 374,127 183,506 33,875 135,324 1,652,207
$ 2,379,039
                 September 30, 2019
 Service Life
5 years 10 years 5 years 10 years 10 years
Acquisition value
$ 975,230 429,917 107,857 373,776 1,932,719
$ 3,819,499
                 Depreciation expense for fiscal years ended September 30, 2020 and 2019 was $440,292 and $419,923, respectively.
During FY 2020 and 2019, USTDA purchased property and equipment in the amount of $220,918 and $136,780, respectively. The FY 2020 additions primarily relate to computer equipment and furniture and fixtures. In addition, during FY 2019, USTDA retired $38,188 in property and equipment with related accumulated depreciation amounting to $29,137, representing a loss on disposals of $8,052. No loss on asset disposals were recorded during FY 2020.
 U.S. TRADE AND DEVELOPMENT AGENCY  ANNUAL REPORT 2020 49































































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