Note 1: Nature of Operations and Summary of Significant Accounting Policies Back To Table of Contents: Property and Equipment (Policies)

12 Months Ended

Dec. 31, 2016

Policies

Property and Equipment

Property and Equipment

Property, plant and equipment is stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, or in the case of leasehold improvements, the shorter of the lease term (including any renewal periods, if appropriate) or the estimated useful life of the asset. Repairs and maintenance are charged to expense as incurred, while betterments and improvements that extend the useful life or add functionality to the assets are capitalized.

Depreciation lives are as follows:

	Years
Computers equipment and software	3
Office furniture and equipment	14-15
Leasehold improvements	10
Machinery and equipment	mainly 5