MMSI » Topics » Property and Equipment

These excerpts taken from the MMSI 10-K filed Mar 4, 2009.
Property and Equipment. Property and equipment is stated at the historical cost of construction or purchase. Construction costs include payroll-related costs capitalized during construction. Maintenance and repairs of property and equipment are charged to operations as incurred. Leasehold improvements are amortized over the lesser of the base term of the lease or estimated life of the leasehold improvements.  Construction-in-process consists of various production equipment being constructed internally and externally.  Assets in construction-in-process will commence depreciating once the asset has been placed in service.  Depreciation and amortization are computed using the straight-line method over estimated useful lives as follows:

 

Buildings

 

40 years

 

Automobiles

 

4-7 years

 

Manufacturing equipment

 

5–20 years

 

Furniture and fixtures

 

3–10 years

 

Land improvements

 

10–20 years

 

Leasehold improvements

 

4–25 years

 

 

Property and Equipment. Property and equipment is stated at the historical cost of construction or purchase. Construction costs include payroll-related costs capitalized during construction. Maintenance and repairs of property and equipment are charged to operations as incurred. Leasehold improvements are amortized over the lesser of the base term of the lease or estimated life of the leasehold improvements.  Construction-in-process consists of various production equipment being constructed internally and externally.  Assets in construction-in-process will commence depreciating once the asset has been placed in service.  Depreciation and amortization are computed using the straight-line method over estimated useful lives as follows:

 

Buildings

 

40 years

 

Automobiles

 

4-7 years

 

Manufacturing equipment

 

5–20 years

 

Furniture and fixtures

 

3–10 years

 

Land improvements

 

10–20 years

 

Leasehold improvements

 

4–25 years

 

 

Property and Equipment. Property and equipment is stated at the historical cost of construction or purchase. Construction costs include payroll-related costs capitalized during construction. Maintenance and repairs of property and equipment are charged to operations as incurred. Leasehold improvements are amortized over the lesser of the base term of the lease or estimated life of the leasehold improvements.  Construction-in-process consists of various production equipment being constructed internally and externally.  Assets in construction-in-process will commence depreciating once the asset has been placed in service.  Depreciation and amortization are computed using the straight-line method over estimated useful lives as follows:

 

Buildings

 

40 years

 

Automobiles

 

4-7 years

 

Manufacturing equipment

 

5–20 years

 

Furniture and fixtures

 

3–10 years

 

Land improvements

 

10–20 years

 

Leasehold improvements

 

4–25 years

 

 

Property
and Equipment
. Property and equipment is stated at the
historical cost of construction or purchase. Construction costs include
payroll-related costs capitalized during construction. Maintenance and repairs
of property and equipment are charged to operations as incurred. Leasehold
improvements are amortized over the lesser of the base term of the lease or
estimated life of the leasehold improvements. 
Construction-in-process consists of various production equipment being
constructed internally and externally. 
Assets in construction-in-process will commence depreciating once the
asset has been placed in service. 
Depreciation and amortization are computed using the straight-line
method over estimated useful lives as follows:



 









































Buildings



 



40 years



 



Automobiles



 



4-7 years



 



Manufacturing
equipment



 



5–20 years



 



Furniture and fixtures



 



3–10 years



 



Land
improvements



 



10–20 years



 



Leasehold
improvements



 



4–25 years



 




 



Property
and Equipment
. Property and equipment is stated at the
historical cost of construction or purchase. Construction costs include
payroll-related costs capitalized during construction. Maintenance and repairs
of property and equipment are charged to operations as incurred. Leasehold
improvements are amortized over the lesser of the base term of the lease or
estimated life of the leasehold improvements. 
Construction-in-process consists of various production equipment being
constructed internally and externally. 
Assets in construction-in-process will commence depreciating once the
asset has been placed in service. 
Depreciation and amortization are computed using the straight-line
method over estimated useful lives as follows:



 









































Buildings



 



40 years



 



Automobiles



 



4-7 years



 



Manufacturing
equipment



 



5–20 years



 



Furniture and fixtures



 



3–10 years



 



Land
improvements



 



10–20 years



 



Leasehold
improvements



 



4–25 years



 




 



Property
and Equipment
. Property and equipment is stated at the
historical cost of construction or purchase. Construction costs include
payroll-related costs capitalized during construction. Maintenance and repairs
of property and equipment are charged to operations as incurred. Leasehold
improvements are amortized over the lesser of the base term of the lease or
estimated life of the leasehold improvements. 
Construction-in-process consists of various production equipment being
constructed internally and externally. 
Assets in construction-in-process will commence depreciating once the
asset has been placed in service. 
Depreciation and amortization are computed using the straight-line
method over estimated useful lives as follows:



 









































Buildings



 



40 years



 



Automobiles



 



4-7 years



 



Manufacturing
equipment



 



5–20 years



 



Furniture and fixtures



 



3–10 years



 



Land
improvements



 



10–20 years



 



Leasehold
improvements



 



4–25 years



 




 



Property
and Equipment
. Property and equipment is stated at the
historical cost of construction or purchase. Construction costs include
payroll-related costs capitalized during construction. Maintenance and repairs
of property and equipment are charged to operations as incurred. Leasehold
improvements are amortized over the lesser of the base term of the lease or
estimated life of the leasehold improvements. 
Construction-in-process consists of various production equipment being
constructed internally and externally. 
Assets in construction-in-process will commence depreciating once the
asset has been placed in service. 
Depreciation and amortization are computed using the straight-line
method over estimated useful lives as follows:



 









































Buildings



 



40 years



 



Automobiles



 



4-7 years



 



Manufacturing
equipment



 



5–20 years



 



Furniture and fixtures



 



3–10 years



 



Land
improvements



 



10–20 years



 



Leasehold
improvements



 



4–25 years



 




 



These excerpts taken from the MMSI 10-K filed Mar 12, 2008.
Property and Equipment.  Property and equipment is stated at the historical cost of construction or purchase. Construction costs include payroll-related costs capitalized during construction.  Maintenance and repairs of property and equipment are charged to operations as incurred. Leasehold improvements are amortized over the lesser of the base term of the lease or life of the leasehold improvements. Construction-in-process consists of various production equipment being constructed internally and externally, as well as a building under construction.  Assets in construction-in-process will commence depreciating once the asset has been placed in service. Depreciation and amortization are computed using the straight-line method over estimated useful lives as follows:

 

Buildings

 

40 years

Automobiles

 

4 years

Manufacturing equipment

 

5-20 years

Furniture and fixtures

 

3-10 years

Land improvements

 

10-20 years

Leasehold improvements

 

4-25 years

 

Property and Equipment
Property and equipment is stated at the historical cost of construction
or purchase. Construction costs include payroll-related costs capitalized
during construction.  Maintenance and
repairs of property and equipment are charged to operations as incurred.
Leasehold improvements are amortized over the lesser of the base term of the
lease or life of the leasehold improvements. Construction-in-process consists
of various production equipment being constructed internally and externally, as
well as a building under construction. 
Assets in construction-in-process will commence depreciating once the
asset has been placed in service. Depreciation and amortization are computed
using the straight-line method over estimated useful lives as follows:



 





































Buildings



 



40 years



Automobiles



 



4 years



Manufacturing equipment



 



5-20 years



Furniture and fixtures



 



3-10 years



Land improvements



 



10-20 years



Leasehold improvements



 



4-25 years






 



This excerpt taken from the MMSI 10-K filed Mar 15, 2007.
Property and Equipment—Property and equipment is stated at the historical cost of construction or purchase. Construction costs include payroll-related costs and interest capitalized during construction. Maintenance and repairs of property and equipment are charged to operations as incurred. Leasehold improvements are amortized over the lesser of the base term of the lease or life of the leasehold improvements. Construction-in-process consists of various production equipment being constructed internally and externally. Assets in construction-in-process will commence depreciating once the asset has been placed in service. Depreciation and amortization are computed using the straight-line method over estimated useful lives as follows:

Buildings

 

40 years

 

Automobiles

 

4 years

 

Manufacturing equipment

 

5—20 years

 

Furniture and fixtures

 

3—10 years

 

Land improvements

 

10—20 years

 

Leasehold improvements

 

4—25 years

 

 

38




 

This excerpt taken from the MMSI 10-K filed Mar 14, 2006.
Property and Equipment–Property and equipment is stated at the historical cost of construction or purchase. Construction costs include payroll-related costs and interest capitalized during construction. Maintenance and repairs of property and equipment are charged to operations as incurred. Leasehold improvements are amortized over the lesser of the base term of the lease or life of the leasehold improvements. Construction-in-process consists of various production equipment being constructed internally and externally.  During 2004, construction-in-process consisted of a 140,000 square foot facility being built at the Company’s headquarters in South Jordan, Utah and the related purchase of various production equipment. This building was completed in September of 2005.  Assets in construction-in-process will commence depreciating once the asset has been placed in service. Depreciation and amortization are computed using the straight-line method over estimated useful lives as follows:

 

 

 

 

Buildings

 

40 years

 

Automobiles

 

4 years

 

Manufacturing equipment

 

5 to 20 years

 

Furniture and fixtures

 

3 to 10 years

 

Land improvements

 

10 to 20 years

 

Leasehold improvements

 

4 to 25 years

 

 

This excerpt taken from the MMSI 10-K filed Mar 15, 2005.
Property and Equipment—Property and equipment is stated at the historical cost of construction or purchase. Construction costs include payroll-related costs, an allocation of general and administrative costs, and interest capitalized during construction. Maintenance and repairs of property and equipment are charged to operations as incurred. Leasehold improvements are amortized over the lesser of the base term of the lease or life of the leasehold improvements. Construction-in-process primarily consists of a 140,000 square foot facility currently being built the Company’s headquarters in South Jordan, Utah and various production equipment. Assets in construction-in-process will commence depreciation once the asset has been placed in service. Depreciation and amortization are computed using the straight-line method over estimated useful lives as follows:

 

Building

 

25 years

 

Automobiles

 

4 years

 

Manufacturing equipment

 

5 to 12 years

 

Furniture and fixtures

 

3 to 10 years

 

Land improvements

 

10 to 20 years

 

Leasehold improvements

 

4 to 25 years

 

 

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