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These excerpts taken from the MTW 10-K filed Mar 2, 2009. Property,
Plant and Equipment Property, plant and equipment are stated
at cost. Expenditures for maintenance, repairs and minor renewals are
charged against earnings as incurred. Expenditures for major renewals and
improvements that substantially extend the capacity or useful life of an asset
are capitalized and are then depreciated. The cost and accumulated
depreciation for property, plant and equipment sold, retired, or otherwise
disposed of are relieved from the accounts, and resulting gains or losses are
reflected in earnings. Property, plant and equipment are depreciated over
the estimated useful lives of the assets using the straight-line depreciation
method for financial reporting and on accelerated methods for income tax
purposes.
Property, plant and equipment are depreciated over the following estimated useful lives:
Property, plant and equipment also include cranes accounted for as operating leases. Equipment accounted for as operating leases includes equipment leased directly to the customer and equipment for which the company has assisted in the financing arrangement whereby it has guaranteed more than insignificant residual value or made a buyback commitment. Equipment that is leased directly to the customer is accounted for as an operating lease with the related assets capitalized and depreciated over their estimated economic life. Equipment involved in a financing arrangement is depreciated over the life of the underlying arrangement so that the net book value at the end of the period equals the buyback amount or the residual value amount. The amount of rental equipment included in property, plant and equipment amounted to $100.3 million and $115.3 million, net of accumulated depreciation, at December 31, 2008 and 2007, respectively.
Property, Plant and Equipment Property, plant and equipment are stated at cost. Expenditures for maintenance, repairs and minor renewals are charged against earnings as incurred. Expenditures for major renewals and improvements that substantially extend the capacity or useful life of an asset are capitalized and are then depreciated. The cost and accumulated depreciation for property, plant and equipment sold, retired, or otherwise disposed of are relieved from the accounts, and resulting gains or losses are reflected in earnings. Property, plant and equipment are depreciated over the estimated useful lives of the assets using the straight-line depreciation method for financial reporting and on accelerated methods for income tax purposes.
Property, plant and
Property, plant and
This excerpt taken from the MTW 8-K filed Jan 12, 2009. Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and any accumulated impairment losses. Depreciation on property, plant and equipment is charged so as to write-off the cost, other than assets in the course of construction, to the expected residual value, on a straight-line basis, over the expected useful lives as follows:
· Freehold land: nil;
· Freehold and long leasehold buildings: 1%–2% p.a;
· Short leasehold properties: over the unexpired period of the lease; and
· Plant and equipment: 10%–33.3% p.a.
11
1. ACCOUNTING POLICIES (CONTINUED)
These excerpts taken from the MTW 10-K filed Jul 31, 2008. Property,
Plant and Equipment Property,
plant and equipment is stated at cost. Expenditures for maintenance,
repairs and minor renewals are charged against earnings as incurred.
Expenditures for major renewals and improvements that substantially extend the
capacity or useful life of an asset are capitalized and amortized by
depreciation charges. The cost and accumulated depreciation for property,
plant and equipment sold, retired, or otherwise disposed of are relieved from
the accounts, and resulting gains or losses are reflected in earnings. Property,
plant and equipment is depreciated over the estimated useful lives of the
assets using the straight-line depreciation method for financial reporting and
on accelerated methods for income tax purposes.
Property, plant and equipment is depreciated over the following estimated useful lives:
Property, plant and equipment also include cranes accounted for as leases. Equipment accounted for as leases includes equipment leased directly to the customer and equipment for which the company has assisted in the financing arrangement whereby it has guaranteed more than insignificant residual value or made a buyback commitment. Equipment that is leased directly to the customer is accounted for as operating leases with the related assets capitalized and depreciated over their estimated economic life. Equipment involved in financing arrangements is depreciated over the life of the underlying arrangement
52
so that the net book value at the end of the period equals the buyback amount or the residual value amount. The amount of rental equipment included in property, plant and equipment amounted to $115.3 million and $120.0 million, net of accumulated depreciation, at December 31, 2007 and 2006, respectively.
Property, Plant and Equipment Property, plant and equipment is stated at cost. Expenditures for maintenance, repairs and minor renewals are charged against earnings as incurred. Expenditures for major renewals and improvements that substantially extend the capacity or useful life of an asset are capitalized and amortized by depreciation charges. The cost and accumulated depreciation for property, plant and equipment sold, retired, or otherwise disposed of are relieved from the accounts, and resulting gains or losses are reflected in earnings. Property, plant and equipment is depreciated over the estimated useful lives of the assets using the straight-line depreciation method for financial reporting and on accelerated methods for income tax purposes.
Property, plant and
Property, plant and equipment
52
so that the net book
These excerpts taken from the MTW 10-K filed Apr 10, 2008. Property,
Plant and Equipment Property,
plant and equipment is stated at cost. Expenditures for maintenance,
repairs and minor renewals are charged against earnings as incurred.
Expenditures for major renewals and improvements that substantially extend the
capacity or useful life of an asset are capitalized and amortized by
depreciation charges. The cost and accumulated depreciation for property,
plant and equipment sold, retired, or otherwise disposed of are relieved from
the accounts, and resulting gains or losses are reflected in earnings. Property,
plant and equipment is depreciated over the estimated useful lives of the
assets using the straight-line depreciation method for financial reporting and
on accelerated methods for income tax purposes.
Property, plant and equipment is depreciated over the following estimated useful lives:
Property, plant and equipment also include cranes accounted for as leases. Equipment accounted for as leases includes equipment leased directly to the customer and equipment for which the company has assisted in the financing arrangement whereby it has guaranteed more than insignificant residual value or made a buyback commitment. Equipment that is leased directly to the customer is accounted for as operating leases with the related assets capitalized and depreciated over their estimated economic life. Equipment involved in financing arrangements is depreciated over the life of the underlying arrangement
52
so that the net book value at the end of the period equals the buyback amount or the residual value amount. The amount of rental equipment included in property, plant and equipment amounted to $115.3 million and $120.0 million, net of accumulated depreciation, at December 31, 2007 and 2006, respectively.
Property, Plant and Equipment Property, plant and equipment is stated at cost. Expenditures for maintenance, repairs and minor renewals are charged against earnings as incurred. Expenditures for major renewals and improvements that substantially extend the capacity or useful life of an asset are capitalized and amortized by depreciation charges. The cost and accumulated depreciation for property, plant and equipment sold, retired, or otherwise disposed of are relieved from the accounts, and resulting gains or losses are reflected in earnings. Property, plant and equipment is depreciated over the estimated useful lives of the assets using the straight-line depreciation method for financial reporting and on accelerated methods for income tax purposes.
Property, plant and
Property, plant and equipment
52
so that the net book
These excerpts taken from the MTW 10-K filed Feb 29, 2008. Property,
Plant and Equipment Property,
plant and equipment is stated at cost. Expenditures for maintenance,
repairs and minor renewals are charged against earnings as incurred.
Expenditures for major renewals and improvements that substantially extend the
capacity or useful life of an asset are capitalized and amortized by
depreciation charges. The cost and accumulated depreciation for property,
plant and equipment sold, retired, or otherwise disposed of are relieved from
the accounts, and resulting gains or losses are reflected in earnings. Property,
plant and equipment is depreciated over the estimated useful lives of the
assets using the straight-line depreciation method for financial reporting and
on accelerated methods for income tax purposes.
Property, plant and equipment is depreciated over the following estimated useful lives:
Property, plant and equipment also include cranes accounted for as leases. Equipment accounted for as leases includes equipment leased directly to the customer and equipment for which the company has assisted in the financing arrangement whereby it has guaranteed more than insignificant residual value or made a buyback commitment. Equipment that is leased directly to the customer is accounted for as operating leases with the related assets capitalized and depreciated over their estimated economic life. Equipment involved in financing arrangements is depreciated over the life of the underlying arrangement
52
so that the net book value at the end of the period equals the buyback amount or the residual value amount. The amount of rental equipment included in property, plant and equipment amounted to $115.3 million and $120.0 million, net of accumulated depreciation, at December 31, 2007 and 2006, respectively.
Property, Plant and Equipment Property, plant and equipment is stated at cost. Expenditures for maintenance, repairs and minor renewals are charged against earnings as incurred. Expenditures for major renewals and improvements that substantially extend the capacity or useful life of an asset are capitalized and amortized by depreciation charges. The cost and accumulated depreciation for property, plant and equipment sold, retired, or otherwise disposed of are relieved from the accounts, and resulting gains or losses are reflected in earnings. Property, plant and equipment is depreciated over the estimated useful lives of the assets using the straight-line depreciation method for financial reporting and on accelerated methods for income tax purposes.
Property, plant and
Property, plant and equipment
52
so that the net book
This excerpt taken from the MTW 10-K filed Mar 1, 2007. Property,
Plant and Equipment Property,
plant and equipment is stated at cost. Expenditures for maintenance, repairs
and minor renewals are charged against earnings as incurred. Expenditures for
major renewals and improve
ments that substantially extend the capacity or useful life of an asset are capitalized and amortized by depreciation charges. The cost and accumulated depreciation for property, plant and equipment sold, retired, or otherwise disposed of are relieved from the accounts, and resulting gains or losses are reflected in earnings. Property, plant and equipment is depreciated over the estimated useful lives of the assets using the straight-line depreciation method for financial reporting and on accelerated methods for income tax purposes. Property, plant and equipment is depreciated over the following estimated useful lives:
Property, plant and equipment also include cranes accounted for as leases. Equipment accounted for as leases includes equipment leased directly to the customer and equipment for which the company has assisted in the financing arrangement such as guaranteed more than insignificant residual value or made a buyback commitment. Equipment that is leased directly to the customer is accounted for as operating leases with the related assets capitalized and depreciated over their estimated economic life. Equipment involved in financing arrangements is depreciated over the life of the underlying arrangement so that the net book value at the end of the period equals the buyback amount or the residual value amount. The amount of rental equipment included in property, plant and equipment amounted to $120.0 million and $118.6 million, net of accumulated depreciation, at December 31, 2006 and 2005, respectively. This excerpt taken from the MTW 10-K filed Feb 28, 2006. Property, Plant and Equipment Property, plant and equipment is
stated at cost. Expenditures for
maintenance, repairs and minor renewals are charged against earnings as
incurred. Expenditures for major
renewals and improvements that substantially extend the capacity or useful life
of an asset are capitalized and amortized by depreciation charges. The cost and accumulated depreciation for
property, plant and equipment sold, retired, or otherwise disposed of are
relieved from the accounts, and resulting gains or losses are reflected in
earnings. Property, plant and equipment
is depreciated over the estimated useful lives of the assets using the
straight-line depreciation method for financial reporting and on accelerated
methods for income tax purposes.
Property, plant and equipment is depreciated over the following estimated useful lives:
Property, plant and equipment also includes cranes accounted for as leases. Equipment accounted for as leases includes equipment leased directly to the customer and equipment for which the company has assisted in the financing arrangement such as guaranteed more than insignificant residual value or made a buyback commitment. Equipment that is leased directly to the customer is accounted for as operating leases with the related assets capitalized and depreciated over their estimated economic life. Equipment involved in financing arrangements is depreciated over the life of the underlying arrangement so that the net book value at the end of the period equals the buyback amount or the residual value amount. The amount of rental equipment included in property, plant and equipment amounted to $118.6 million and $121.5 million, net of accumulated depreciation, at December 31, 2005 and 2004, respectively.
This excerpt taken from the MTW 10-K filed Mar 16, 2005. Property, Plant and Equipment Property, plant and
equipment is stated at cost.
Expenditures for maintenance, repairs and minor renewals are charged
against earnings as incurred.
Expenditures for major renewals and improvements that substantially
extend the capacity or useful life of an asset are capitalized and amortized by
depreciation charges. The cost and
accumulated depreciation for property, plant and equipment sold, retired, or
otherwise disposed of are relieved from the accounts, and resulting gains or
losses are reflected in earnings.
Property, plant and equipment is depreciated over the estimated useful
lives of the assets using the straight-line depreciation method for financial
reporting and on accelerated methods for income tax purposes.
Property, plant and equipment is depreciated over the following estimated useful lives:
Property, plant and equipment also includes cranes accounted for as leases. Equipment accounted for as leases includes equipment leased directly to the customer and equipment for which the company has assisted in the financing arrangement such as guaranteed more than insignificant residual value or made a buyback commitment. Equipment that is leased directly to the customer is accounted for as operating leases with the related assets capitalized and depreciated over their estimated economic life. Equipment involved in financing arrangements is depreciated over the life of the underlying arrangement so that the net book value at the end of the period equals the buyback amount or the residual value amount. The amount of rental equipment included in property, plant and equipment amounted to $121.5 million and $85.7 million, net of accumulated depreciation, at December 31, 2004 and 2003, respectively.
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