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These excerpts taken from the EMAG 10-K filed Mar 17, 2008. Property
and Equipment
Property and equipment used for internal purposes are recorded
at cost. Expenditures for property and equipment are
capitalized, and minor replacements, maintenance and repairs are
charged to expense as incurred. Depreciation is computed using
the straight-line method over the estimated useful lives of the
assets. Leasehold improvements are amortized over the shorter of
their estimated useful lives or the term of the respective
leases. The asset cost and related accumulated depreciation or
amortization are adjusted upon asset retirement or disposal with
the resulting gain or loss, if any, credited or charged to
results of operations.
Property and equipment at contracted customer sites is recorded
at cost and consists of third-party hardware and software
associated with customer contracts. Depreciation is computed
using the straight-line method over the lives of the specific
customer contracts, which are typically five years.
Assets held under capital leases are recorded at the lower of
the net present value of minimum lease payments or the fair
value of the leased asset at the inception of the lease.
Amortization expense is computed using the straight-line method
over the shorter of the estimated useful lives of the assets or
the period of the related lease. Amortization of assets under
capital leases is included in depreciation expense.
Property and Equipment Property and equipment used for internal purposes are recorded at cost. Expenditures for property and equipment are capitalized, and minor replacements, maintenance and repairs are charged to expense as incurred. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized over the shorter of their estimated useful lives or the term of the respective leases. The asset cost and related accumulated depreciation or amortization are adjusted upon asset retirement or disposal with the resulting gain or loss, if any, credited or charged to results of operations. Property and equipment at contracted customer sites is recorded at cost and consists of third-party hardware and software associated with customer contracts. Depreciation is computed using the straight-line method over the lives of the specific customer contracts, which are typically five years. Assets held under capital leases are recorded at the lower of the net present value of minimum lease payments or the fair value of the leased asset at the inception of the lease. Amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease. Amortization of assets under capital leases is included in depreciation expense. This excerpt taken from the EMAG 10-K filed Mar 31, 2006. Property
and Equipment
Property and equipment used for internal purposes are recorded
at cost. Expenditures for property and equipment are
capitalized, and minor replacements, maintenance and repairs are
charged to expense as incurred. Depreciation is computed using
the straight-line method over the related asset’s estimated
useful life. Leasehold improvements are amortized over the
shorter of their estimated useful lives or the term of the
respective leases. The asset cost and related accumulated
depreciation or amortization are adjusted upon asset retirement
or disposal with the resulting gain or loss, if any, credited or
charged to results of operations.
Property and equipment at contracted customer sites are recorded
at cost and consist of third-party hardware and software
associated with customer contracts. Depreciation is computed
using the straight-line method over the lives of the specific
customer contracts, which are typically five years.
Assets held under capital leases are recorded at the lower of
the net present value of minimum lease payments or the fair
value of the leased asset at the inception of the lease.
Amortization expense is computed using the straight-line method
over the shorter of the estimated useful lives of the assets or
the period of the related lease. Amortization of assets under
capital leases is included in depreciation expense.
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