dogs
... be slow moving. Property and equipment Wal-Mart premises used in operations, including land, are stated at current value based on replacement cost. Buildings and fixtures and fittings are fully depreciated by the straight-line method over their estimated useful life with a maximum of fifty years. Movements in value, net of tax, are credited to shareholders and equity is on a long-term basis. Capital expenditures on rented premises are capitalized and also depreciated on a straight-line basis, taking into account the term of the lease. Property held for sale is stated at the lower of cost, including interest during construction, and estimated proceeds from sale. Fixture and equipment bought from third parties are stated at cost less straight-line depreciation over the estimated useful life. Impairment of Assets The company periodically evaluates long-lived assets other than goodwill for indicators of impairment and test goodwill for impairment annually. Management¡¯s judgments regarding the existence of impairment indicators are based on market conditions and operational performance. Future events could cause management to conclude that impairment indicators exist and that the value of long-lived assets and goodwill associated with acquired businesses is impaired. Goodwill is evaluated for impairment annually under the provisions of FAS 142 which requires the company to make judgments relating to future cash flows and g...