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Leasehold improvements are depreciated over its useful life or the remaining period of lease terms whichever is shorter. The company had Property under capital lease amount to $5905 million at the end of Jan 2011 and $5669 million at the end of 2010. The amount of amortization at the end of Jan 2011 was $3125 million and $2906 at the end of Jan 2010. It means that company has recorded usage of this type of asset amount to $219 million. Total net assets under this category purchased during the fiscal year ended Jan 2011 amounted to $236. Therefore net increase in this category amounted to $17 million.
Goodwill is recorded for the difference in purchase price and the fair value of the net assets of the business purchased. However, the goodwill is not amortized and there is no allocation is made for its use as the life is for indefinite period. As the company does not record any amortization but they are evaluated in the fourth quarter of fiscal year, to decide about the impairment of goodwill. The balance of goodwill was 16763 at the end of Jan 2011 as compared to 16126 for 2010. It may be due to buying of new business or increase in the value of goodwill recorded earlier.
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