Fact Characteristics and Properties
Characteristic, trait or fact |
Value of characteristic, trait, or fact |
Reporting Entity [Axis] |
63-0977897 (https://www.irs.gov#EIN) |
Period [Axis] |
2020-01-01 - 2020-12-31 |
Concept |
Property, Plant, and Equipment Policies [Text Block] |
Fact value |
[XHTML Content]
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Units |
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Decimals (rounding) |
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Parenthetical explanation (i.e. footnote) |
(None) |
Fact value (XHTML):
Property,
Plant, and Equipment Policies
Property and equipment is primarily comprised of furniture, computer equipment, computer
software and leasehold improvements which are recorded at cost and depreciated or
amortized using the straight-line method over their estimated useful lives as follows:
furniture and fixtures, seven years; computer equipment, three to four years; computer
software, five years; leasehold improvements, over the lesser of the estimated remaining
useful life of the asset or the remaining term of the lease. Expenditures for maintenance
and repairs are charged to operations as incurred; major expenditures for renewals
and betterments are capitalized and depreciated. Property and equipment acquired under
capital leases are depreciated over the lesser of the estimated remaining useful life
of the asset or the remaining term of the lease.