Common use of Fixed Assets Clause in Contracts

Fixed Assets. Fixed Assets are stated at historical cost less accumulated depreciation. Depreciation is calculated on the straight-line method of 20% per annum for Furniture & Fixtures, Leasehold Improvements, Office Equipment and Motor Vehicle; and 33 1/3% to 25% for Computer Hardware and Software, which is sufficient to write-off the cost of the assets over their estimated useful lives.

Fixed Assets. Fixed Assets are stated at historical cost less accumulated depreciation. Depreciation is calculated on the a straight-line method of 20% per annum for Furniture & and Fixtures, Leasehold Improvements, Improvements and Office Equipment and Motor VehicleEquipment; and 33 1/3% to 25% for Computer Hardware and Software, which is sufficient to writeCAYMAN ISLANDS GOVERNMENT 2015-off the cost of the assets over their estimated useful lives.16 OWNERSHIP AGREEMENTS 422

Fixed Assets. Fixed Assets are stated at historical cost less accumulated depreciation. Depreciation is calculated on the straight-line method of 20% per annum for Furniture & and Fixtures, Leasehold Improvements, Office Equipment (with the exception of Bank Note Sorting machine calculated at 15% and DRC Equipment calculated at 33.3%) and Motor Vehicle; and 33 1/325% to 2550% for Computer Hardware and Software, which is sufficient to write-off the cost of the assets over their estimated useful lives.

Fixed Assets. Fixed Assets are stated at historical cost less accumulated depreciation. Depreciation is calculated on the straight-line method of 20% per annum for Furniture & and Fixtures, Leasehold Improvements, Office Equipment (with the exception of Bank Note Sorting machine calculated at 15% and DRC Equipment calculated at 33.3%) and Motor Vehicle; and 33 1/325% to 2550% for Computer Hardware and SoftwareSoftware (which includes the new Swift System), which is sufficient to write-off the cost of the assets over their estimated useful lives.

Fixed Assets. Fixed Assets are stated at historical cost less accumulated depreciation. Depreciation is calculated on the a straight-line method of 20% per annum for Furniture & and Fixtures, Leasehold Improvements, Improvements and Office Equipment and Motor VehicleEquipment; and 33 1/3% to 25% for Computer Hardware and Software, which is sufficient to write-off the cost of the assets over their estimated useful lives.