Fixed Assets and Depreciation. Schedule 3.20 represents (i) as of April 30, 2005, a listing of all plant, machinery, equipment, leasehold improvements, vehicles, structures, any related capitalized items and other tangible property material to the business of Crosstex and which is treated by Crosstex as depreciable or amortizable property (“Tangible Property”), and (ii) as of April 30, 2005, the related accumulated depreciation or amortization.
Fixed Assets and Depreciation. (i) Fixed assets are stated at cost less accumulated depreciation. The circumstances and basis under which the cost is arrived at are set out in details in Note 14 to the accounts.
(ii) The cost of fixed assets comprises the purchase price and any directly attributable costs of bringing the asset to its working condition and location for its intended use. Expenditures incurred after the fixed asset has been put into operation, such as repairs and maintenance and overhaul costs, are normally charged to the profit and loss account in the period in which they are incurred. In situations where it can be clearly demonstrated that the expenditure has resulted in an increase in the future economic benefits expected to be obtained from the use of the fixed asset, the expenditure is capitalised as an additional cost of the fixed asset.
(iii) Gains or losses arising from the retirement or disposal of fixed assets are determined as the difference between the estimated net disposal proceeds and the carrying amount of the asset and are recognised in the profit and loss account on the date of retirement or disposal.
(iv) The carrying amount of fixed assets carried at depreciated cost is reviewed periodically in order to assess whether the recoverable amount has declined below the carrying amount. When such a decline has occurred, the carrying amount is reduced to the recoverable amount. The amount of the reduction is recognised as an expense in the profit and loss account. In determining the recoverable amount, expected future cash flows generated by the fixed assets are discounted to their present values. A subsequent increase in the recoverable amount of an asset carried at depreciated cost is written back to the profit and loss account when the circumstances and events that led to the write-down or write-off cease to exist. The amount written back is reduced by the amount that would have been recognised as depreciation had the write-down or write-off not occurred.
(v) Depreciation is calculated to write-off the cost of fixed assets on a straight-line basis over their estimated useful lives, to residual values, as follows: Land use rights............................. Over the period of grant — Buildings...................................... 8-35 years 3% Telecommunications transceivers, switching centres and other network equipment...................... 7 years 3% Office equipment, furniture and fixtures and others....................... 4-18 years 3%
Fixed Assets and Depreciation. Prepare the annual capital budget monitor and report on variances monthly.
Fixed Assets and Depreciation. Schedule 3.20 represents as of June 30, 2011 (i) a listing of all plant, machinery, equipment, leasehold improvements, vehicles, structures, any related capitalized items and other tangible property material to the business of Seller or Per-Form and which is treated by Seller or Per-Form as depreciable or amortizable property (“Tangible Property”), and (ii) the related accumulated depreciation or amortization.
Fixed Assets and Depreciation. All fixed assets are included except for those exceptions noted below. Depreciation is to be provided based on depreciation policies consistent with prior SMTech accounting practice.
Fixed Assets and Depreciation. This spreadsheet provides for the input of existing and grant related plant and equipment costs and calculates the straight-line depreciation for inclusion on the balance sheet. Plant and equipment necessary for any expansion or improvements to the existing network are input separately from the grant related assets. The plant and equipment costs for the grant related assets should be the same as shown on the capital budget worksheet (Schedule F-2). Straight-line depreciation is the only acceptable depreciation for the application. Debt activity is existing and any new borrowing by the applicant. Principal and interest payment amounts for existing and new debt are entered in their respective areas. The grant activity worksheet provides information to populates the deferred grant revenue category on the Balance Sheet. The plant and equipment costs for the grant related assets should be the same as shown on the capital budget worksheet (Schedule F-2).
Fixed Assets and Depreciation. (i) Fixed assets are stated at cost or revalued amount less accumulated depreciation and impairment losses (see Section 2(d)). The circumstances and basis under which the revalued amount is arrived at are set out in details in Section 5(a).
(ii) The cost of fixed assets comprises the purchase price and any directly attributable costs of bringing the asset to its working condition and location for its intended use. Expenditure incurred after the fixed asset has been put into operation, such as repairs and maintenance and overhaul costs, is normally charged to the combined profit and loss account in the period in which it is incurred. In situations where it can be clearly demonstrated that the expenditure has resulted in an increase in the future economic benefits expected to be obtained from the use of the fixed asset, the expenditure is capitalised as an additional cost of the fixed asset.
(iii) Gains or losses arising from the retirement or disposal of fixed assets are determined as the difference between the estimated net disposal proceeds and the carrying amount of the asset and are recognised in the combined profit and loss accounts on the date of retirement or disposal.
(iv) Depreciation is calculated to write-off the cost, or revalued amount where appropriate, of fixed assets on a straight-line basis over their estimated useful lives, to residual values, as follows: DEPRECIABLE LIFE RESIDUAL VALUE ------------------------ -------------- Land use rights Over the period of grant -- Buildings 8-35 years 3% Telecommunications transceivers, switching centres and other network equipment 7 years 3% Office equipment, furniture and fixtures and others 4-18 years 3%
Fixed Assets and Depreciation. (i) Fixed assets are stated at cost less accumulated depreciation and impairment losses (see note 1(i)).
(ii) The cost of fixed assets comprises the purchase price and any directly attributable costs of bringing the asset to its working condition and location for its intended use. Expenditure incurred after the fixed asset has been put into operation, such as repairs and maintenance and overhaul costs, are normally charged to the profit and loss account in the period in which it is incurred. In situations where it can be clearly demonstrated that the expenditure has resulted in an increase in the future economic benefits expected to be obtained from the use of the fixed asset, the expenditure is capitalised as an additional cost of the fixed asset.
(iii) Gains or losses arising from the retirement or disposal of a fixed asset are determined as the difference between the estimated net disposal proceeds and the carrying amount of the asset and are recognised in the profit and loss account on the date of retirement or disposal.
(iv) Depreciation is calculated to write-off the cost of fixed assets on a straight-line basis over their estimated useful lives, to residual values, as follows: DEPRECIABLE LIFE RESIDUAL VALUE ---------------- -------------- Land use rights Over the period of grant -- Buildings 8 - 35 years 3% Telecommunications transceivers, switching centres and other network equipment 7 years 3% Office equipment, furniture and fixtures and others 4 - 18 years 3%
