PROPERTY AND EQUIPMENT — Depreciation and amortization are provided on a straight-line basis over the estimated useful lives of the assets. The following table shows estimated useful lives of property and equipment:
|
Classification |
Estimated Useful Lives | |
|---|---|---|
|
Buildings |
10 to 50 years (average 27 years) | |
|
Equipment |
3 to 20 years (average 11 years) |