This excerpt taken from the HSKA 10-K filed Mar 31, 2005.
Property and Equipment
Property and equipment are recorded at cost and depreciated on a straight-line basis over the estimated useful lives of the related assets. Leasehold improvements are amortized over the applicable lease period or their estimated useful lives, whichever is shorter. Maintenance and repairs are charged to expense when incurred, and major renewals and improvements are capitalized.
Property and equipment consist of the following (in thousands):
Depreciation and amortization expense for property and equipment was $2.4 million, $1.7 million and $1.3 million for the years ended December 31, 2002, 2003 and 2004, respectively.