Depreciation and Amortization
Depreciation and Amortization : The charges that reflect the loss in service value of the transit agency's assets. Depreciated items have a high initial cost and a useful life of more than one accounting period. In order to account for the reduction in value (usefulness) of this type of asset, a portion of the cost is expensed each year of the asset's life. Depreciation and amortization include the depreciation of the physical facilities such as guideways, tracks and roadbeds, elevated structures, passenger stations and parking facilities, revenue vehicles, operating stations, facilities (including buildings, equipment and furnishings) for power generation and distribution, revenue vehicle movement control, data processing, revenue collection and processing, and other general administration
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