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Avis Budget Group (CAR)
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CAR » Topics » CASH AND CASH EQUIVALENTS

These excerpts taken from the CAR 10-K filed Feb 26, 2009.

CASH AND CASH EQUIVALENTS

The Company considers highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

CASH AND CASH EQUIVALENTS

STYLE="margin-top:12px;margin-bottom:0px; margin-left:3%">The Company considers highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

STYLE="margin-top:12px;margin-bottom:0px; margin-left:3%">PROPERTY AND EQUIPMENT

Property and
equipment (including leasehold improvements) are recorded at cost, net of accumulated depreciation and amortization. Depreciation (non-vehicle related) is computed utilizing the straight-line method over the estimated useful lives of the related
assets. Amortization of leasehold improvements is computed utilizing the straight-line method over the estimated benefit period of the related assets, which may not exceed 20 years, or the lease term, if shorter. Useful lives are as follows:

 
























Buildings

  30 years

Furniture, fixtures & equipment

  3 to 10 years

Capitalized software

  3 to 7 years

Buses and support vehicles

  4 to 15 years

The Company capitalizes the costs of software developed for internal use in accordance with
Statement of Position No. 98-1, “Accounting for the Costs of Computer Software Developed or Obtained for Internal Use”. The software developed or obtained for internal use is amortized on a straight-line basis when such software is
substantially ready for use. The net carrying value of software developed or obtained for internal use was $89 million and $60 million as of December 31, 2008 and 2007, respectively.

STYLE="margin-top:12px;margin-bottom:0px; margin-left:3%">GOODWILL AND OTHER INTANGIBLE ASSETS

SIZE="2">Goodwill represents the excess of the cost of an acquired entity over the fair values assigned to the tangible assets acquired, the identifiable intangible assets that are required to be valued and reported and the liabilities assumed. The
Company does not amortize goodwill, but tests it at least annually for recoverability. Other intangible assets, primarily trademarks, with indefinite lives are not amortized but are evaluated annually for impairment. Other intangible assets with
finite lives are amortized over their remaining useful lives.

 


F-14







These excerpts taken from the CAR 10-K filed Feb 29, 2008.

CASH AND CASH EQUIVALENTS

The Company considers highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

 

F-12

Table of Contents

CASH AND CASH EQUIVALENTS

FACE="Times New Roman" SIZE="2">The Company considers highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

SIZE="1"> 


F-12






Table of Contents


This excerpt taken from the CAR 10-K filed Mar 1, 2007.

CASH AND CASH EQUIVALENTS

The Company considers highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 26, 2009
10-K (2 sections)
Feb 29, 2008
10-K
Mar 1, 2007

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