|
|
 | | | |
- close
- close
- close
- close
| |||||||||
This excerpt taken from the WYN 10-K filed Feb 27, 2009. Property
and Equipment
Property and equipment (including leasehold improvements) are
recorded at cost, net of accumulated depreciation and
amortization. Depreciation, recorded as a component of
depreciation and amortization on the Consolidated and Combined
Statements of Operations, is computed utilizing the
straight-line method over the estimated useful lives of the
related assets. Amortization of leasehold improvements, also
recorded as a component of depreciation and amortization, is
computed utilizing the straight-line method over the estimated
benefit period of the related assets or the lease term, if
shorter. Useful lives are generally 30 years for buildings,
up to 15 years for leasehold improvements, from 20 to
30 years for vacation rental properties and from three to
seven years for furniture, fixtures and equipment.
The Company capitalizes the costs of software developed for
internal use in accordance with Statement of Position
No. 98-1,
“Accounting for the Costs of Computer Software Developed or
Obtained for Internal Use.” Capitalization of software
developed for internal use commences during the development
phase of the project. The Company amortizes software developed
or obtained for internal use on a straight-line basis, from
three to five years, commencing when such software is
substantially ready for use. The net carrying value of software
developed or obtained for internal use was $130 million and
$99 million as of December 31, 2008 and 2007,
respectively.
This excerpt taken from the WYN 10-K filed Feb 29, 2008. Property
and Equipment
Property and equipment (including leasehold improvements) are
recorded at cost, net of accumulated depreciation and
amortization. Depreciation, recorded as a component of
depreciation and amortization on the Consolidated and Combined
Statements of Income, is computed utilizing the straight-line
method over the estimated useful lives of the related assets.
Amortization of leasehold improvements, also recorded as a
component of depreciation and amortization, is computed
utilizing the straight-line method over the estimated benefit
period of the related assets or the lease term, if shorter.
Useful lives are generally 30 years for buildings, up to
15 years for leasehold improvements, from 20 to
30 years for vacation rental properties and from three to
seven years for furniture, fixtures and equipment.
The Company capitalizes the costs of software developed for
internal use in accordance with Statement of Position
No. 98-1,
“Accounting for the Costs of Computer Software Developed or
Obtained for Internal Use.” Capitalization of software
developed for internal use commences during the development
phase of the project. The Company amortizes software developed
or obtained for internal use on a straight-line basis, from
three to five years, commencing when such software is
substantially ready for use. The net carrying value of software
developed or obtained for internal use was $99 million and
$82 million as of December 31, 2007 and 2006,
respectively.
This excerpt taken from the WYN 10-K filed Mar 7, 2007. Property
and Equipment
Property and equipment (including leasehold improvements) are
recorded at cost, net of accumulated depreciation and
amortization. Depreciation, recorded as a component of
depreciation and amortization on the Consolidated and Combined
Statements of Income, is computed utilizing the straight-line
method over the estimated useful lives of the related assets.
Amortization of leasehold improvements, also recorded as a
component of depreciation and amortization, is computed
utilizing the straight-line method over the estimated benefit
period of the related assets or the lease term, if shorter.
Useful lives are generally 30 years for buildings, up to
15 years for leasehold improvements, from 20 to
30 years for vacation rental properties and from three to
seven years for furniture, fixtures and equipment.
The Company capitalizes the costs of software developed for
internal use in accordance with Statement of Position
No. 98-1,
“Accounting for the Costs of Computer Software Developed or
Obtained for Internal Use.” Capitalization of software
developed for internal use commences during the development
phase of the project. The Company amortizes software developed
or obtained for internal use on a straight-line basis, from
three to five years, commencing when such software is
substantially ready for use. The net carrying value of software
developed or obtained for internal use was $82 million and
$56 million as of December 31, 2006 and 2005,
respectively.
| EXCERPTS ON THIS PAGE:
RELATED TOPICS for WYN: |
| |||||||
