Examples of Leasehold Improvements in a sentence
Leasehold improvements are amortized using the straight-line method over the terms of the leases.
Depreciation on property, plant and equipment is calculated using the straight-line method to allocate their costs or revalued amounts to their residual values over their estimated useful lives, as follows: Leasehold improvements Over the lease term or useful live of 5 years, whichever is shorterOffice equipment 5 yearsFurniture and fixtures 5 yearsMotor vehicles 3 years The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period.
Tangible capital assets are amortized using the straight-line method over the estimated useful lives as follows: Buildings: Ratanak Centre 30 years Other 40 years Elevator 20 years Furniture and equipment 5 to 10 years Motor vehicles 7 years Leasehold improvements Lesser of lease term and 5 years Assets under development are not amortized until they are completed and available for use.
The various rates of depreciation are as follows: Buildings and improvements - 20 - 40 years Leasehold improvements - the lesser of period of lease and 10 years Plant and machinery - 3 - 20 yearsMotor vehicles - 5 - 10 years Office equipment, computers and software - 3 - 10 years The estimated useful lives, residual values and depreciation method are reviewed at each year end, with the effect of any changes in estimate accounted for on a prospective basis.
Leasehold improvements are depreciated over the lease period or 10 years whichever is lower.