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interpreting and Applying Dsciosares on Property and Equipinent following are selected disclosures from Rehim and Has Company (a specialty chemical company) 2007 10.K. The priikipal lives fin years) ined in determining depreciation rates of various assets are: buildings and improvement (10.50k machinery and tequipment is.203, automobifes. trucks and tark cans (3-10) furniture and fixtures, Laboratory equipnsent and other assets (5-10t capitalized software (5-7). The principal life used in determining the depiecustion rate for iemehold improwements is the years remaining in the lease term or the useful life (in years) of the assel, whichever is shorter. INPAIRMAENT OF LONG-LVED ASSEIS whenever thanges in cotcumstances indicate the carryng value of the asset may not be recoverable. Such circumstinces would include items soch as a significant decrease Th the market price of a long tived atset, a synficant adverse change in the mantier the asset is being used or planned to be used or in its physical condition of a history of cperating or cash tisw losses sssociated with the use of the asset. When such events or changes occir, we assess the reconerability of the asset by comparing the earryiail Whe of the ssset to the evpected future cosh flows associated with the assets planned future wse and eventual disposition of the assef, if applicable ... We utilize theks and tank cars (th.101. furn Suce and fixtures, loborotory equipment and other assets (540k copitalized sottware (5-7). The principal life used in determing the cotrating of cath fisw losses assocised weth the use of the astet, When such events or changes occur, we assess the recoverability af the asset by complarirg the carryifig approssmatey 124 thilich of fued aiset ing sitment tharges. (b) Pohm and Haws reported deprecistion experse of 5412 million in 2007 . Estimate the useful life, on avetage, for its depreciable phe assets. iflound your answer to two decimal pacest years interpreting and Applying Dsciosares on Property and Equipinent following are selected disclosures from Rehim and Has Company (a specialty chemical company) 2007 10.K. The priikipal lives fin years) ined in determining depreciation rates of various assets are: buildings and improvement (10.50k machinery and tequipment is.203, automobifes. trucks and tark cans (3-10) furniture and fixtures, Laboratory equipnsent and other assets (5-10t capitalized software (5-7). The principal life used in determining the depiecustion rate for iemehold improwements is the years remaining in the lease term or the useful life (in years) of the assel, whichever is shorter. INPAIRMAENT OF LONG-LVED ASSEIS whenever thanges in cotcumstances indicate the carryng value of the asset may not be recoverable. Such circumstinces would include items soch as a significant decrease Th the market price of a long tived atset, a synficant adverse change in the mantier the asset is being used or planned to be used or in its physical condition of a history of cperating or cash tisw losses sssociated with the use of the asset. When such events or changes occir, we assess the reconerability of the asset by comparing the earryiail Whe of the ssset to the evpected future cosh flows associated with the assets planned future wse and eventual disposition of the assef, if applicable ... We utilize theks and tank cars (th.101. furn Suce and fixtures, loborotory equipment and other assets (540k copitalized sottware (5-7). The principal life used in determing the cotrating of cath fisw losses assocised weth the use of the astet, When such events or changes occur, we assess the recoverability af the asset by complarirg the carryifig approssmatey 124 thilich of fued aiset ing sitment tharges. (b) Pohm and Haws reported deprecistion experse of 5412 million in 2007 . Estimate the useful life, on avetage, for its depreciable phe assets. iflound your answer to two decimal pacest years

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