Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.10.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 29, 2018
Accounting Policies [Abstract]  
Schedule of Useful Lives of Assets

Property, plant and equipment is stated at cost.  Expenditures for repairs and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized.  Repairs and maintenance are expensed as incurred.  Depreciation is computed using the straight line method over the following useful lives:

 

 

 

Years

Machinery and equipment

 

4 - 12

Office furniture and equipment

 

3 - 10

Buildings

 

25 - 40

Building and land improvements

 

7 - 40