Property, plant and equipment and depreciation
Items of property, plant and equipment are recorded at cost, net of related government grants and accumulated depreciation and impairment charges. Depreciation is calculated using the following methods, annual rates and period:
|
| | | | |
| | Methods | | Annual rates and period |
Equipment | | Declining balance and straight-line | | 20% |
Furniture and fixtures | | Declining balance and straight-line | | 10% and 20% |
Computer equipment | | Straight-line | | 25% and 331/3% |
Leasehold improvements | | Straight-line | | Remaining lease term |
Depreciation expense, which is recorded in the consolidated statement of comprehensive loss, is allocated to the appropriate functional expense categories to which the underlying items of property, plant and equipment relate.
