Common use of Valuation of property and equipment Clause in Contracts

Valuation of property and equipment. At cost of acquisition. Cost of property and equipment is depreciated in accordance with the straight-line method over the estimated useful lives of 20 years for improvements to installations, 10 years for furniture and fixtures, 5 years for vehicles and other assets (usufruct) and 3 years for computer equipment. Ordinary maintenance and repair expenses are charged as current airport operating expenses.

Valuation of property and equipment. At cost of acquisition. Cost of property and equipment is depreciated in accordance with the straight-line method over the estimated useful lives lifes of 20 years for improvements to installations, 10 years for furniture and fixtures, 5 years for vehicles and other assets (usufruct) and 3 years for computer equipment. Ordinary maintenance and repair expenses are charged as current airport operating expenses.

Valuation of property and equipment. At cost of acquisition. Cost of property and equipment is depreciated in accordance with the straight-line method over the estimated useful lives life of 20 years for improvements to installations, 10 years for furniture and fixtures, 5 years for vehicles and other assets (usufruct) and usufruct assets), 3 years for computer equipmentequipment and the valuation does not consider residual values for the assets. Ordinary maintenance and repair expenses are charged as current airport operating expenses.