NDAQ » Topics » NOTE G - EQUIPMENT AND LEASEHOLD IMPROVEMENTS

These excerpts taken from the NDAQ 8-K filed Aug 1, 2008.

NOTE G - EQUIPMENT AND LEASEHOLD IMPROVEMENTS

The Exchange’s investment in equipment and leasehold improvements comprises the following:

 

     Estimated
useful lives
   2008    2007
          (Dollars in thousands)

Equipment

   3 -7 years    $ 53,706    $ 48,742

Software

   5 years      45,524      41,241

Leasehold improvements

   Various      29,204      17,664
                
        128,434      107,647

Less - accumulated depreciation and amortization

        67,582      61,205
                
      $ 60,852    $ 46,442
                

NOTE G - EQUIPMENT AND LEASEHOLD IMPROVEMENTS

The Exchange’s investment in equipment and leasehold improvements comprises the following:

 

     Estimated
useful lives
   2007    2006
          (Dollars in thousands)

Equipment

   3-7 years    $ 53,123    $ 45,846

Software

   5 years      43,341      39,099

Leasehold Improvements

   Various      28,239      15,638
                
        124,703      100,583

Less - accumulated depreciation and amortization

        64,152      58,265
                
      $ 60,551    $ 42,318
                
This excerpt taken from the NDAQ 8-K filed Feb 20, 2008.

7. Equipment and leasehold improvements

Equipment and leasehold improvements are carried at cost less allowances for accumulated depreciation and amortization. Depreciation of furniture and equipment is provided using the straight line method over the estimated useful lives of the applicable assets. Leasehold improvements are amortized over the lesser of the lease term or the useful life of such improvements.

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