Depreciation Policy

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This policy provides guidelines for the computation and recording of capitalized property, plant and equipment costs depreciation.

In this sample, capitalized plant and equipment costs depreciation for financial reporting should be computed principally using accelerated methods based on the estimated service lives of the assets. The business unit controller is responsible for reviewing the established useful lives of property, plant and equipment at least annually. For any asset that is no longer expected to be used over the original useful life, depreciation of the remaining net book value should be recorded over the remaining useful life. 

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