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Land Use Rights, Net
12 Months Ended
Dec. 31, 2012
Land Use Rights, Net [Abstract]  
Land Use Rights, Net
10.LAND USE RIGHTS, NET

 

   December 31, 
   2011   2012 
         
Land use rights  $-   $73,785 
           
Less: accumulated depreciation and amortization   -    140 
Land use rights, net  $-   $73,645 

 

In December 2012, the Group acquired land use rights associated with the newly acquired office building in Chaoyang District, Beijing, China (see Note 9 for detail). The certificate will expire as of December 8, 2056. The Group amortizes the cost of acquired land use rights on a straight-line basis over the remaining 44 years of useful life. Amortization expenses for land use rights totaled $140 for the year ended December 31, 2012. The Group is in the process of obtaining the certificate of the land use rights.


Future amortization expense is $1,677 per year for each of the next five years through December 31, 2017 and after.