| G. | Property plant and equipment |
Property plant and equipment are presented according to cost, including directly attributed acquisition costs, minus accumulated depreciation and losses from accrued decrease in value. Improvements and upgrades are included in the assets’ costs whereas maintenance and repair costs are recognized in profit and loss as accrued.
The cost of printers used for internal purposes, which are classified as property, plant and equipment, includes the cost of materials and direct labor, any other costs directly attributable to bringing the assets to a working condition for their intended use.
The depreciation is calculated in equal yearly rates during the period of the useful life span of the assets, as follows:
| % | |||||
| Machinery and equipment (mainly 7%) | 7 – 50 | ||||
| Computers | 20 - 33 | ||||
| Office furniture and equipment | 7 - 15 | ||||
| Leasehold Improvements | 7 - 10 | ||||
| Printers leased to clients- See note 2.L. | 25 | ||||
Amortization methods, useful lives and residual values are reviewed at the end of each reporting year and adjusted if appropriate.