Property, Plant and Equipment and Rental Assets
|3 Months Ended|
Jun. 30, 2019
|Property, Plant and Equipment and Rental Assets|
|Property, Plant, Equipment and Rental Assets||
6. Property, Plant, Equipment and Rental Assets
Property, plant, equipment and rental assets consisted of the following as of June 30, 2019 and March 31, 2019 (in thousands):
During the first quarter of Fiscal 2020, the Company deployed approximately $0.7 million of its C1000 Signature Series systems under its factory rental program.
The Company regularly reassesses the useful lives of property and equipment and retires assets no longer in service. Depreciation expense for property, equipment and rental assets was $0.3 million and $0.2 million for the first quarter of Fiscal 2020 and 2019, 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