WBMD » Topics » Long-Lived Assets

This excerpt taken from the WBMD 8-K filed Jul 2, 2009.
Long-Lived Assets
 
Property and Equipment
 
Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. The useful lives are generally as follows:
 
     
Computer equipment
  3 to 5 years
Office equipment, furniture and fixtures
  4 to 7 years
Software
  3 to 5 years
Web site development costs
  3 years
Leasehold improvements
  Shorter of useful life or lease term
 
Expenditures for maintenance, repair and renewals of minor items are expensed as incurred. Major betterments are capitalized.
 
Goodwill and Intangible Assets
 
Goodwill and intangible assets resulting from acquisitions are accounted for under the purchase method. Intangible assets with definite lives are amortized on a straight-line basis over the estimated useful lives of the related assets as follows:
 
     
Content
  4 to 5 years
Customer relationships
  5 to 12 years
Acquired technology and patents
  3 years
Trade names
  10 years
 
Recoverability
 
In accordance with Statement of Financial Accounting Standards (“SFAS”) No. 142, “Goodwill and Other Intangible Assets,” the Company reviews the carrying value of goodwill annually and whenever indicators of impairment are present. The Company measures goodwill impairment losses by comparing the carrying value of its reporting units to the fair value of its reporting units determined using an income approach valuation. The Company’s reporting units are determined in accordance with SFAS No. 142, which defines a reporting unit as an operating segment or one level below an operating segment.
 
In accordance with SFAS No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets” (“SFAS 144”), long-lived assets used in operations are reviewed for impairment whenever events or changes


F-10


Table of Contents

 
WEBMD HEALTH CORP.
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
in circumstances indicate that carrying amounts may not be recoverable. For long-lived assets to be held and used, the Company recognizes an impairment loss only if its carrying amount is not recoverable through its undiscounted cash flows and measures the impairment loss based on the difference between the carrying amount and fair value. Long-lived assets held for sale are reported at the lower of cost or fair value less costs to sell.
 
These excerpts taken from the WBMD 10-K filed Feb 27, 2009.
Long-Lived Assets
 
Property and Equipment
 
Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. The useful lives are generally as follows:
 
     
Computer equipment
  3 to 5 years
Office equipment, furniture and fixtures
  4 to 7 years
Software
  3 to 5 years
Web site development costs
  3 years
Leasehold improvements
  Shorter of useful life or lease term
 
Expenditures for maintenance, repair and renewals of minor items are expensed as incurred. Major betterments are capitalized.
 
Goodwill and Intangible Assets
 
Goodwill and intangible assets resulting from acquisitions are accounted for under the purchase method. Intangible assets with definite lives are amortized on a straight-line basis over the estimated useful lives of the related assets as follows:
 
     
Content
  2 to 5 years
Customer relationships
  5 to 12 years
Acquired technology and patents
  3 years
Trade names
  7 to 10 years
 
Recoverability
 
In accordance with Statement of Financial Accounting Standards (“SFAS”) No. 142, “Goodwill and Other Intangible Assets,” the Company reviews the carrying value of goodwill annually and whenever indicators of impairment are present. The Company measures goodwill impairment losses by comparing the carrying value of its reporting units to the fair value of its reporting units determined using an income approach valuation. The Company’s reporting units are determined in accordance with SFAS No. 142, which defines a reporting unit as an operating segment or one level below an operating segment.
 
In accordance with SFAS No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets” (“SFAS 144”), long-lived assets used in operations are reviewed for impairment whenever events or changes in circumstances indicate that carrying amounts may not be recoverable. For long-lived assets to be held and used, the Company recognizes an impairment loss only if its carrying amount is not recoverable through its undiscounted cash flows and measures the impairment loss based on the difference between the carrying amount and fair value. Long-lived assets held for sale are reported at the lower of cost or fair value less costs to sell.
 
Long-Lived
Assets



 




Property
and Equipment



 



Property and equipment are stated at cost, net of accumulated
depreciation. Depreciation is computed using the straight-line
method over the estimated useful lives of the related assets.
The useful lives are generally as follows:


 



































     


Computer equipment


 

3 to 5 years


Office equipment, furniture and fixtures


 

4 to 7 years


Software


 

3 to 5 years


Web site development costs


 

3 years


Leasehold improvements


 

Shorter of useful life or lease term






 



Expenditures for maintenance, repair and renewals of minor items
are expensed as incurred. Major betterments are capitalized.


 




Goodwill
and Intangible Assets



 



Goodwill and intangible assets resulting from acquisitions are
accounted for under the purchase method. Intangible assets with
definite lives are amortized on a straight-line basis over the
estimated useful lives of the related assets as follows:


 






























     


Content


 

2 to 5 years


Customer relationships


 

5 to 12 years


Acquired technology and patents


 

3 years


Trade names


 

7 to 10 years






 




Recoverability


 



In accordance with Statement of Financial Accounting Standards
(“SFAS”) No. 142, “Goodwill and Other
Intangible Assets,” the Company reviews the carrying value
of goodwill annually and whenever indicators of impairment are
present. The Company measures goodwill impairment losses by
comparing the carrying value of its reporting units to the fair
value of its reporting units determined using an income approach
valuation. The Company’s reporting units are determined in
accordance with SFAS No. 142, which defines a
reporting unit as an operating segment or one level below an
operating segment.


 



In accordance with SFAS No. 144, “Accounting for
the Impairment or Disposal of Long-Lived Assets”
(“SFAS 144”), long-lived assets used in
operations are reviewed for impairment whenever events or
changes in circumstances indicate that carrying amounts may not
be recoverable. For long-lived assets to be held and used, the
Company recognizes an impairment loss only if its carrying
amount is not recoverable through its undiscounted cash flows
and measures the impairment loss based on the difference between
the carrying amount and fair value. Long-lived assets held for
sale are reported at the lower of cost or fair value less costs
to sell.


 




This excerpt taken from the WBMD DEF 14A filed Nov 5, 2008.
Long-Lived Assets
 
Property and Equipment
 
Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. The useful lives are generally as follows:
 
     
Computer equipment
  3 to 5 years
Office equipment, furniture and fixtures
  4 to 7 years
Software
  3 to 5 years
Web site development costs
  3 years
Leasehold improvements
  Shorter of useful life or lease term
 
Expenditures for maintenance, repair and renewals of minor items are expensed as incurred. Major betterments are capitalized.
 
Goodwill and Intangible Assets
 
Goodwill and intangible assets resulting from acquisitions are accounted for under the purchase method. Intangible assets with definite lives are amortized on a straight-line basis over the estimated useful lives of the related assets as follows:
 
     
Content
  2 to 5 years
Customer relationships
  2 to 12 years
Acquired technology and patents
  3 years
Trade names
  3 to 10 years
 
Recoverability
 
In accordance with Statement of Financial Accounting Standards (“SFAS”) No. 142, “Goodwill and Other Intangible Assets,” the Company reviews the carrying value of goodwill annually and whenever indicators of impairment are present. The Company measures impairment losses by comparing the carrying value of its reporting units to the fair value of its reporting units determined using an income approach valuation. The Company’s reporting units are determined in accordance with SFAS No. 142, which defines a reporting unit as an operating segment or one level below an operating segment.
 
WebMD 2007 Annual Report — Financial Statements Annex
 
Annex B-1 – Page 12


Table of Contents

 
WEBMD HEALTH CORP.
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
 
In accordance with SFAS No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets” (“SFAS 144”), long-lived assets used in operations are reviewed for impairment whenever events or changes in circumstances indicate that carrying amounts may not be recoverable. For long-lived assets to be held and used, the Company recognizes an impairment loss only if its carrying amount is not recoverable through its undiscounted cash flows and measures the impairment loss based on the difference between the carrying amount and fair value. Long-lived assets held for sale are reported at the lower of cost or fair value less costs to sell.
 
These excerpts taken from the WBMD 10-K filed Feb 29, 2008.
Long-Lived Assets
 
Property and Equipment
 
Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. The useful lives are generally as follows:
 
     
Computer equipment
  3 to 5 years
Office equipment, furniture and fixtures
  4 to 7 years
Software
  3 to 5 years
Web site development costs
  3 years
Leasehold improvements
  Shorter of useful life or lease term
 
Expenditures for maintenance, repair and renewals of minor items are expensed as incurred. Major betterments are capitalized.
 
Goodwill and Intangible Assets
 
Goodwill and intangible assets resulting from acquisitions are accounted for under the purchase method. Intangible assets with definite lives are amortized on a straight-line basis over the estimated useful lives of the related assets as follows:
 
     
Content
  2 to 5 years
Customer relationships
  2 to 12 years
Acquired technology and patents
  3 years
Trade names
  3 to 10 years
 
Recoverability
 
In accordance with Statement of Financial Accounting Standards (“SFAS”) No. 142, “Goodwill and Other Intangible Assets,” the Company reviews the carrying value of goodwill annually and whenever indicators of impairment are present. The Company measures impairment losses by comparing the carrying value of its reporting units to the fair value of its reporting units determined using an income approach valuation. The Company’s reporting units are determined in accordance with SFAS No. 142, which defines a reporting unit as an operating segment or one level below an operating segment.
 
In accordance with SFAS No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets” (“SFAS 144”), long-lived assets used in operations are reviewed for impairment whenever events or changes in circumstances indicate that carrying amounts may not be recoverable. For long-lived assets to be held and used, the Company recognizes an impairment loss only if its carrying amount is not recoverable through its undiscounted cash flows and measures the impairment loss based on the difference between the carrying amount and fair value. Long-lived assets held for sale are reported at the lower of cost or fair value less costs to sell.
 
Long-Lived
Assets



 




Property
and Equipment



 



Property and equipment are stated at cost, net of accumulated
depreciation. Depreciation is computed using the straight-line
method over the estimated useful lives of the related assets.
The useful lives are generally as follows:


 



































     


Computer equipment


 

3 to 5 years


Office equipment, furniture and fixtures


 

4 to 7 years


Software


 

3 to 5 years


Web site development costs


 

3 years


Leasehold improvements


 

Shorter of useful life or lease term






 



Expenditures for maintenance, repair and renewals of minor items
are expensed as incurred. Major betterments are capitalized.


 




Goodwill
and Intangible Assets



 



Goodwill and intangible assets resulting from acquisitions are
accounted for under the purchase method. Intangible assets with
definite lives are amortized on a straight-line basis over the
estimated useful lives of the related assets as follows:


 






























     


Content


 

2 to 5 years


Customer relationships


 

2 to 12 years


Acquired technology and patents


 

3 years


Trade names


 

3 to 10 years






 




Recoverability


 



In accordance with Statement of Financial Accounting Standards
(“SFAS”) No. 142, “Goodwill and Other
Intangible Assets,” the Company reviews the carrying value
of goodwill annually and whenever indicators of impairment are
present. The Company measures impairment losses by comparing the
carrying value of its reporting units to the fair value of its
reporting units determined using an income approach valuation.
The Company’s reporting units are determined in accordance
with SFAS No. 142, which defines a reporting unit as
an operating segment or one level below an operating segment.


 



In accordance with SFAS No. 144, “Accounting for
the Impairment or Disposal of Long-Lived Assets”
(“SFAS 144”), long-lived assets used in
operations are reviewed for impairment whenever events or
changes in circumstances indicate that carrying amounts may not
be recoverable. For long-lived assets to be held and used, the
Company recognizes an impairment loss only if its carrying
amount is not recoverable through its undiscounted cash flows
and measures the impairment loss based on the difference between
the carrying amount and fair value. Long-lived assets held for
sale are reported at the lower of cost or fair value less costs
to sell.


 




This excerpt taken from the WBMD 10-K filed May 10, 2007.
Long-Lived Assets
 
Property and Equipment
 
Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. The useful lives are generally as follows:
 
     
Computer equipment
  3 to 5 years
Office equipment, furniture and fixtures
  4 to 7 years
Software
  3 to 5 years
Web site development costs
  3 years
Leasehold improvements
  Shorter of useful life or lease term
 
Expenditures for maintenance, repair and renewals of minor items are expensed as incurred. Major betterments are capitalized.
 
Goodwill and Intangible Assets
 
Goodwill and intangible assets resulting from acquisitions are accounted for under the purchase method. Intangible assets with definite lives are amortized on a straight-line basis over the estimated useful lives of the related assets as follows:
 
     
Content
  2 to 5 years
Customer relationships
  2 to 12 years
Acquired technology and patents
  3 years
Trade names
  3 to 10 years
 
Recoverability
 
In accordance with Statement of Financial Accounting Standards (“SFAS”) No. 142, “Goodwill and Other Intangible Assets,” the Company reviews the carrying value of goodwill annually and whenever indicators of impairment are present. The Company measures impairment losses by comparing the carrying value of its reporting units to the fair value of its reporting units determined using an income approach valuation. The Company’s reporting units are determined in accordance with SFAS No. 142, which defines a reporting unit as an operating segment or one level below an operating segment.
 
In accordance with SFAS No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets,” long-lived assets used in operations are reviewed for impairment whenever events or changes in circumstances indicate that carrying amounts may not be recoverable. For long-lived assets to be held and used, the Company recognizes an impairment loss only if its carrying amount is not recoverable through its undiscounted cash flows and measures the impairment loss based on the difference between the carrying amount and fair value. Long-lived assets held for sale are reported at the lower of cost or fair value less costs to sell.
 
This excerpt taken from the WBMD 10-K filed Mar 2, 2007.
Long-Lived Assets
 
Property and Equipment
 
Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. The useful lives are generally as follows:
 
     
Computer equipment
  3 to 5 years
Office equipment, furniture and fixtures
  4 to 7 years
Software
  3 to 5 years
Web site development costs
  3 years
Leasehold improvements
  Shorter of useful life or lease term
 
Expenditures for maintenance, repair and renewals of minor items are expensed as incurred. Major betterments are capitalized.
 
Goodwill and Intangible Assets
 
Goodwill and intangible assets resulting from acquisitions are accounted for under the purchase method. Intangible assets with definite lives are amortized on a straight-line basis over the estimated useful lives of the related assets as follows:
 
     
Content
  2 to 5 years
Customer relationships
  2 to 12 years
Acquired technology and patents
  3 years
Trade names
  3 to 10 years
 
Recoverability
 
In accordance with Statement of Financial Accounting Standards (“SFAS”) No. 142, “Goodwill and Other Intangible Assets,” the Company reviews the carrying value of goodwill annually and whenever indicators of impairment are present. The Company measures impairment losses by comparing the carrying value of its reporting units to the fair value of its reporting units determined using an income approach valuation. The Company’s reporting units are determined in accordance with SFAS No. 142, which defines a reporting unit as an operating segment or one level below an operating segment.
 
In accordance with SFAS No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets,” long-lived assets used in operations are reviewed for impairment whenever events or changes in circumstances indicate that carrying amounts may not be recoverable. For long-lived assets to be held and used, the Company recognizes an impairment loss only if its carrying amount is not recoverable through its undiscounted cash flows and measures the impairment loss based on the difference between the carrying amount and fair value. Long-lived assets held for sale are reported at the lower of cost or fair value less costs to sell.
 
This excerpt taken from the WBMD 10-K filed Mar 16, 2006.
Long-Lived Assets
 
Property and Equipment
 
Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. The useful lives are generally as follows:
 
     
Computer equipment
  3 to 5 years
Office equipment, furniture and fixtures
  4 to 7 years
Software
  3 to 5 years
Web site development costs
  3 years
Leasehold improvements
  Shorter of useful life or lease term
 
Expenditures for maintenance, repair and renewals of minor items are expensed as incurred. Major betterments are capitalized.
 
Goodwill and Intangible Assets
 
Goodwill and intangible assets result from acquisitions accounted for under the purchase method. Intangible assets with definite lives are amortized on a straight-line basis over the estimated useful lives of the related asset as follows:
 
     
Content
  3 to 5 years
Customer relationships
  2 to 5 years
Acquired technology and patents
  3 years
Trade names
  3 to 7 years
 
Recoverability
 
In accordance with Statement of Financial Accounting Standards (“SFAS”) No. 142, “Goodwill and Other Intangible Assets” (“SFAS No. 142”), the Company reviews the carrying value of goodwill annually and whenever indicators of impairment are present. The Company measures impairment losses by comparing the carrying value of its reporting units to the fair value of its reporting units determined using an income approach valuation. The Company’s reporting units are determined in accordance with SFAS No. 142, which defines a reporting unit as an operating segment or one level below an operating segment.
 
In accordance with SFAS No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets,” long-lived assets used in operations are reviewed for impairment whenever events or changes in circumstances indicate that carrying amounts may not be recoverable. For long-lived assets to be held and used, the Company recognizes an impairment loss only if its carrying amount is not recoverable through its undiscounted cash flows and measures the impairment loss based on the difference between the carrying amount and fair value. Long-lived assets held for sale are reported at the lower of cost or fair value less costs to sell.
 
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