Amendment #4 Page 352 of 868 1 :Mk .4 &intern. Accounts receivable and allowance for doubtful accounts /occurs recevable are reported in the balance sheets at the invoiced amounts adjusted for any write-offs arc an allowance ter doubtful accounts We establish an allowance for doubtful accounts to equal our receivables to amounts corrocered to be &Irately cotlectte Oa allowance is based on a variety ct factors includng Me length of time recewaNes are past due. sone' cant onetime everts the frontal realth of our customers and hstoncal expenence There was ro allowance for dosladul accounts indated in accounts recenable as Cl March 31, 2015 or December 31 2014 Untalled receivables was NR 32 796,407 and INR 26,556 557 as Cl March 31, 2015 and December 31 2014 respectrve/y Property and equipment Property and eqsipmeni consists a land solar energy systems and construction in progress and is stated et cost Expenditures for mason additions and rnprovements are captalized and mire: repacements maintenance and repairs are charged to expense as neared When property and equipment is retired or otherwise dsposed of the cost and accumJated deprecation is removed from Ire accounts and are/ resuling gain or loss is included in the resuts of operators for ten respective period Depeedation of property and equipment is recorded using the straight-Ire rnetnod over the estimated useful Ives al the solar energy systems which is thirty years Land owned by the Company is not depreciated Land has an ',gimlet] usetU Ide An item of property and equipment ntraliy recognized is derecognized upon oisposal or when no laure economic benefits are expected from its use or deposal My gain or loss arising on derecognitran of the asset (calcUated as the difference between the net deposal proceeds and the carrying amount of the asset) S included in the Statements of income when the assets ckrecorized For the periods presented the Company did not recognize any gain or loss on de-recogneto