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Summary of Fixed Assets
Land, buildings, and equipment are recorded
at cost at date of acquisition or fair
market value on the date received for donated items.
Interest on borrowings used to finance facilities is capitalized during construction,
net of any investment income earned through
the temporary investment
of project borrowings.
Depreciation is calculated on the straight-line basis over the estimated useful
life of the each class of component of
depreciable asset. Estimated lives range from3 to 60 years.
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