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VICR » Topics » Property and equipment:

These excerpts taken from the VICR 10-K filed Mar 13, 2009.
Property and equipment:
 
Property and equipment are carried at cost less accumulated depreciation. Depreciation is computed on the straight-line method over estimated useful lives of three to five years.
 
Repairs that significantly extend the lives of equipment are capitalized, while routine repairs and maintenance are expensed when incurred. Upon sale or disposal, the related costs and accumulated depreciation are removed and any resulting gain or loss is reflected in income.
 
Property
and equipment:


 



Property and equipment are carried at cost less accumulated
depreciation. Depreciation is computed on the straight-line
method over estimated useful lives of three to five years.


 



Repairs that significantly extend the lives of equipment are
capitalized, while routine repairs and maintenance are expensed
when incurred. Upon sale or disposal, the related costs and
accumulated depreciation are removed and any resulting gain or
loss is reflected in income.


 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 13, 2009

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