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These excerpts taken from the OKS 10-K filed Feb 25, 2009. Property, Plant and Equipment
- The following table sets forth property, by ONEOK Partners’ segments,
for the period indicated.
At
December 31, 2008, property, plant and equipment on our Consolidated Balance
Sheet included construction work in progress of $810.0 million.
We
capitalize interest expense during the construction or upgrade of qualifying
assets. Interest expense capitalized in 2008 was $36.1
million.
Gas
processing plants, natural gas liquids fractionation plants and all other
properties are stated at cost.
Regulated
properties are stated at cost, which includes the equity portion of allowance
for funds used during construction (AFUDC). The equity portion of
AFUDC represents the capitalization of the estimated average cost of equity used
during the construction of major projects. Generally, the cost of
property retired or sold, plus removal costs, less salvage, is charged to
accumulated depreciation.
Property, Plant and Equipment - The following table sets forth property, by ONEOK Partners’ segments, for the period indicated.
At December 31, 2008, property, plant and equipment on our Consolidated Balance Sheet included construction work in progress of $810.0 million. We capitalize interest expense during the construction or upgrade of qualifying assets. Interest expense capitalized in 2008 was $36.1 million. Gas processing plants, natural gas liquids fractionation plants and all other properties are stated at cost. Regulated properties are stated at cost, which includes the equity portion of allowance for funds used during construction (AFUDC). The equity portion of AFUDC represents the capitalization of the estimated average cost of equity used during the construction of major projects. Generally, the cost of property retired or sold, plus removal costs, less salvage, is charged to accumulated depreciation. | EXCERPTS ON THIS PAGE:
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