Department Of Defense Agency Financial Report 2007 - Section 2: Financial Information Page 50
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82Department of Defense Agency Financial Report 2007
Section 2: Financial Information
2
The Requirements Report to Congress proposes additional restrictions on the use of beryllium metal, mica block, and quartz.
General Composition of Stockpile Materiels
The Department holds strategic and critical stockpile materiels due to statutory requirements for use in national defense,
conservation, or national emergencies.
Before any materiels are sold, Congress must enact specific enabling legislation (e.g., the National Defense Authorization
Act). When authorized to offer materiels for sale, NDS removes the materiels from Materiel Held in Reserve and reclassifies
them as Materiels Held for Sale. The estimated market price of the stockpile materiels held for sale is $1.2 billion.
Note 10. General PP&E, Net
As of September 30
2007
2006
Depreciation/
(Accumulated
Service
Prior FY Net Book
(amounts in millions)
Amortization
Acquisition Value
Depreciation/
Net Book Value
Life
Value
Method
Amortization)
Land
N/A
N/A
$
10,509.6
$
N/A
$
10,509.6
$
10,533.4
Buildings, Structure, and
S/L
20 or 40
Facilities
173,311.1
(101,467.1)
71,844.0
69,455.2
Leasehold Improvements
S/L
Lease term
569.2
(340.8)
228.4
167.2
Software
S/L
2-5 or 10
9,313.8
(5,801.5)
3,512.3
3,391.0
General Equipment
S/L
5 or 10
71,015.8
(48,921.5)
22,094.3
16,718.1
Military Equipment
S/L
Various
657,100.3
(310,779.1)
346,321.2
344,945.0
Assets Under Capital Lease
S/L
lease term
982.7
(501.4)
481.3
149.7
1
Construction-in-Progress
N/A
N/A
19,480.5
N/A
19,480.5
20,019.5
Other
60.3
(1.4)
58.9
60.4
Total General PP&E
$
942,343.3
$
(467,812.8)
$
474,530.5
$
465,439.5
Note 15 for additional information on Capital Leases
1
Legend for Valuation Methods: S/L = Straight Line
N/A = Not Applicable
Military Equipment
In accordance with the Statement of Federal Financial Accounting Standards (SFFAS) No. 23, "Eliminating the Category
National Defense Property, Plant, and Equipment," beginning in FY 2003, the Department capitalized military equipment
into General Property, Plant, and Equipment (PP&E) at estimated historical cost using information obtained from the Bureau
of Economic Analysis (BEA). During FY 2006, the Department replaced the BEA estimates with one based on departmental
internal records for military equipment.
Heritage Assets and Stewardship Land
The Federal Accounting Standards Advisory Board, SFFAS No. 29, “Heritage Assets and Stewardship Land,” requires note
disclosures for these types of assets. The Department’s policy is to preserve and account for its heritage assets’ historical,
cultural, educational, or artistic importance. Additionally, the Department possesses and maintains land not acquired in
connection with General PP&E, land donated to the Federal Government, and land previously recorded as public domain.
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