HCSG » Topics » Property and Equipment

These excerpts taken from the HCSG 10-K filed Feb 20, 2009.
Property and Equipment
Property and equipment are stated at cost. Additions, renewals and improvements are capitalized, while maintenance and repair costs are expensed when incurred. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the respective accounts and any resulting gain or loss is included in income. Depreciation is provided by the straight-line method over the following estimated useful lives: laundry and linen equipment installations — 3 to 7 years; housekeeping, and office furniture and equipment — 3 to 7 years; autos and trucks — 3 years.
 
Property and
Equipment






Property and equipment are stated at cost. Additions, renewals
and improvements are capitalized, while maintenance and repair
costs are expensed when incurred. When assets are retired or
otherwise disposed of, the cost and related accumulated
depreciation are removed from the respective accounts and any
resulting gain or loss is included in income. Depreciation is
provided by the straight-line method over the following
estimated useful lives: laundry and linen equipment
installations — 3 to 7 years; housekeeping, and
office furniture and equipment — 3 to 7 years;
autos and trucks — 3 years.


 




Property and
Equipment






Property and equipment are stated at cost. Additions, renewals
and improvements are capitalized, while maintenance and repair
costs are expensed when incurred. When assets are retired or
otherwise disposed of, the cost and related accumulated
depreciation are removed from the respective accounts and any
resulting gain or loss is included in income. Depreciation is
provided by the straight-line method over the following
estimated useful lives: laundry and linen equipment
installations — 3 to 7 years; housekeeping, and
office furniture and equipment — 3 to 7 years;
autos and trucks — 3 years.


 




Property and
Equipment






Property and equipment are stated at cost. Additions, renewals
and improvements are capitalized, while maintenance and repair
costs are expensed when incurred. When assets are retired or
otherwise disposed of, the cost and related accumulated
depreciation are removed from the respective accounts and any
resulting gain or loss is included in income. Depreciation is
provided by the straight-line method over the following
estimated useful lives: laundry and linen equipment
installations — 3 to 7 years; housekeeping, and
office furniture and equipment — 3 to 7 years;
autos and trucks — 3 years.


 




These excerpts taken from the HCSG 10-K filed Feb 19, 2008.
Property and Equipment
Property and equipment are stated at cost. Additions, renewals and improvements are capitalized, while maintenance and repair costs are expensed when incurred. When assets are retired or otherwise disposed of,


36


Table of Contents

the cost and related accumulated depreciation are removed from the respective accounts and any resulting gain or loss is included in income. Depreciation is provided by the straight-line method over the following estimated useful lives: laundry and linen equipment installations—3 to 7 years; housekeeping and office equipment—3 to 7 years; autos and trucks—3 years.
 
Property and
Equipment






Property and equipment are stated at cost. Additions, renewals
and improvements are capitalized, while maintenance and repair
costs are expensed when incurred. When assets are retired or
otherwise disposed of,





36





Table of Contents






the cost and related accumulated depreciation are removed from
the respective accounts and any resulting gain or loss is
included in income. Depreciation is provided by the
straight-line method over the following estimated useful lives:
laundry and linen equipment installations—3 to
7 years; housekeeping and office equipment—3 to
7 years; autos and trucks—3 years.


 




This excerpt taken from the HCSG 10-K filed Feb 23, 2007.
Property and Equipment
Property and equipment are stated at cost. Additions, renewals and improvements are capitalized, while maintenance and repair costs are expensed when incurred. When assets are retired or otherwise disposed of,


35


Table of Contents

the cost and related accumulated depreciation are removed from the respective accounts and any resulting gain or loss is included in income. Depreciation is provided by the straight-line method over the following estimated useful lives: laundry and linen equipment installations—3 to 7 years; housekeeping and office equipment—3 to 7 years; autos and trucks—3 years.
 
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