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These excerpts taken from the FELE 10-K filed Mar 4, 2009. Property, Plant and
Equipment--Property, plant and equipment are stated at cost. Depreciation
of plant and equipment is calculated on a straight line basis over the estimated
useful lives of 5 to 20 years for land improvements and buildings, 5 to 10 years
for machinery and equipment, and 5 years for furniture and fixtures.
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Maintenance,
repairs, and renewals of a minor nature are expensed as incurred. Betterments
and major renewals which extend the useful lives of buildings, improvements, and
equipment are capitalized. Accelerated methods are used for income tax purposes.
The Company reviews its property, plant and equipment for impairment at the
asset group level whenever events or changes in circumstances indicate that the
carrying amount of such assets may not be recoverable. The Company’s
depreciation expense was $19.5, $16.5, and $15.8 million in 2008, 2007, and
2006, respectively.
Property, Plant and
Equipment--Property, plant and equipment are stated at cost. Depreciation
of plant and equipment is calculated on a straight line basis over the estimated
useful lives of 5 to 20 years for land improvements and buildings, 5 to 10 years
for machinery and equipment, and 5 years for furniture and fixtures.
- 32
-
Maintenance,
repairs, and renewals of a minor nature are expensed as incurred. Betterments
and major renewals which extend the useful lives of buildings, improvements, and
equipment are capitalized. Accelerated methods are used for income tax purposes.
The Company reviews its property, plant and equipment for impairment at the
asset group level whenever events or changes in circumstances indicate that the
carrying amount of such assets may not be recoverable. The Company’s
depreciation expense was $19.5, $16.5, and $15.8 million in 2008, 2007, and
2006, respectively.
These excerpts taken from the FELE 10-K filed Feb 27, 2008. Property, Plant and
Equipment--Property, plant and equipment are stated at cost. Depreciation
of plant and equipment is calculated on a straight line basis over the estimated
useful lives of 5 to 20 years for land improvements and buildings, 5 to 10 years
for machinery and equipment, and 5 years for furniture and fixtures.
Maintenance, repairs, and renewals of a minor nature are expensed as incurred.
Betterments and major renewals which extend the useful lives of buildings,
improvements, and equipment are capitalized. Accelerated methods are used for
income tax purposes. The Company reviews its property, plant and equipment for
impairment whenever events or changes in circumstances indicate that the
carrying amount of such assets may not be recoverable. The Company’s
depreciation expense was $16.5, $15.8, and $13.5 million in 2007, 2006, and
2005, respectively.
Property, Plant and Equipment--Property, plant and equipment are stated at cost. Depreciation of plant and equipment is calculated on a straight line basis over the estimated useful lives of 5 to 20 years for land improvements and buildings, 5 to 10 years for machinery and equipment, and 5 years for furniture and fixtures. Maintenance, repairs, and renewals of a minor nature are expensed as incurred. Betterments and major renewals which extend the useful lives of buildings, improvements, and equipment are capitalized. Accelerated methods are used for income tax purposes. The Company reviews its property, plant and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. The Company’s depreciation expense was $16.5, $15.8, and $13.5 million in 2007, 2006, and 2005, respectively. | EXCERPTS ON THIS PAGE:
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