Property, Equipment and Capitalized Software
Property, equipment and capitalized software are stated at cost, net of accumulated depreciation and amortization. Capitalized software consists of certain costs incurred in the development of internal-use software, including external direct costs of materials and services and applicable payroll costs of employees devoted to specific software development.
The Company calculates depreciation and amortization using the straight-line method over the estimated useful lives of the assets. The useful lives for property, equipment and capitalized software are:
|
| |
Furniture, fixtures and equipment | 3 to 7 years |
Buildings | 35 to 40 years |
Leasehold improvements | 7 years or length of lease term, whichever is shorter |
Capitalized software | 3 to 5 years |
