9. Property and Equipment
|3 Months Ended|
Mar. 30, 2019
|Property, Plant and Equipment [Abstract]|
|Property and Equipment||
Note 9: Property and Equipment
Property and equipment as of March 30, 2019 and December 29, 2018 consist of the following:
Property and equipment are stated at cost. We compute depreciation using straight-line method over a range of estimated useful lives from 3 to 30 years. We amortize leasehold improvements on a straight-line basis over the shorter of their estimated useful lives or the underlying lease term. Repair and maintenance costs are charged to operations as incurred.
Depreciation expense was $20 and $61 for the 13 weeks ended March 30, 2019 and March 31, 2018, respectively.
The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef