 |
NOTE 8. General Property, Plant and Equipment, Net
General Property, Plant and Equipment, Net
(Dollars in Thousands)
| |
Useful Life |
Cost |
Accumulated Depreciation |
Net Book Value |
| The components of PP&E as of September 30, 2005 are as follows |
| Classes of Fixed Assets |
|
|
|
|
| Equipment |
3 to 5 years |
$76,099 |
$(38,729) |
$37,370 |
| Buildings, Improvements, & Renovations |
20 years |
59,221 |
(26,789) |
32,432 |
| Land and Land Rights |
N/A |
4,181 |
– |
4,181 |
| Assets Under Capital Lease |
|
6,365 |
(1,864) |
4,501 |
| Construction in Progress |
N/A |
570 |
– |
570 |
| Internal Use Software |
3 to 5 years |
29,961 |
(12,843) |
17,118 |
| Total |
|
$176,397 |
$(80,225) |
$96,172 |
| The components of PP&E as of
September 30, 2004 are as follows: |
| Classes of Fixed Assets |
|
|
|
|
| Equipment |
3 to 5 years |
$56,471 |
$(25,732) |
$30,740 |
| Buildings, Improvements, & Renovations |
20 years |
53,851 |
(24,263) |
29,588 |
| Land and Land Rights |
N/A |
4,181 |
– |
4,181 |
| Assets Under Capital Lease |
|
6,872 |
(1,423) |
5,449 |
| Construction in Progress |
N/A |
570 |
– |
570 |
| Internal Use Software |
3 to 5 years |
20,328 |
(8,901) |
11,427 |
| Total |
|
$142,272 |
$(60,317) |
$81,954 |
The threshold for capitalizing or amortizing assets is $25,000. Assets purchased
prior to FY 2003 are depreciated using the straight line depreciation
method. Assets purchased during FY 2003 and beyond are depreciated
using the mid-quarter convention depreciation method. Depreciable
assets are assumed to have no remaining salvage value. There
are currently no restrictions on PPE assets.
USAID PP&E includes assets located in Washington, D.C. offices and overseas
field Missions.
Equipment consists primarily of electric generators,
ADP hardware, vehicles and copiers located at the overseas
field missions.
Structures and Facilities include USAID owned office buildings and residences at foreign missions, including the land on which these structures reside. These structures are used and maintained by the field missions. USAID does not separately report the cost of the building and the land on which the building resides.
Land consists of property owned by USAID in foreign countries. Usually the land is purchased with the intention of constructing an office building at the site.
Buildings, Improvements, and Renovations accumulated depreciation was understated in FY 2004 due to transposing numbers. The Buildings, Improvements, and Renovations accumulated depreciation should have read as "($24,263) million instead of ($24,236) million."
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