 |
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, 2006 are as follows: |
| Classes of Fixed Assets |
|
|
|
|
| Equipment |
3 to 5 years |
$87,242 |
$(49,967) |
$37,276 |
| Buildings, Improvements, & Renovations |
20 years |
74,017 |
(31,194) |
42,823 |
| Land and Land Rights |
N/A |
3,139 |
N/A |
3,139 |
| Assets Under Capital Lease |
|
6,899 |
(2,160) |
4,739 |
| Construction in Progress |
N/A |
570 |
– |
570 |
| Internal Use Software |
3 to 5 years |
35,937 |
(20,489) |
15,448 |
| Total |
|
$207,804 |
$(103,810) |
$103,994 |
| 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 |
N/A |
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 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.
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