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This excerpt taken from the BASI 10-K filed Dec 29, 2006. (g) Property and Equipment We record property and equipment at cost, including interest capitalized during the period of construction of major facilities. We compute depreciation, including amortization on capital leases, using the straight-line method over the estimated useful lives of the assets, which we estimate to be: buildings and improvements, 34 to 40 years; machinery and equipment, 5 to 10 years, and office furniture and fixtures, 10 years. Our depreciation expense was $3,228,000 in fiscal 2006, $3,047,000 in fiscal 2005 and $3,053,000 in fiscal 2004. Expenditures for maintenance and repairs are expensed as incurred. This excerpt taken from the BASI 10-K filed Jan 18, 2006. (h) Property and Equipment
36 This excerpt taken from the BASI 10-K filed Feb 24, 2005. (h) Property and Equipment
This excerpt taken from the BASI 10-K filed Jan 13, 2005. (h) Property and Equipment
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