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Note 9 - Fixed Assets | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Property, Plant and Equipment Disclosure [Text Block] | 9. Fixed Assets The following is a summary of fixed assets:
|  | Useful Life (in years) |  | Cost |  |  | Accumulated Depreciation and Amortization |  |  | Net |
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Furniture and office equipment |  | 3 - 10 |  | $ | 273.6 |  |  | $ | (215.8 | ) |  | $ | 57.8 |
Leasehold improvements |  | Lease term |  |  | 118.3 |  |  |  | (44.7 | ) |  |  | 73.6 |
Purchased software |  | 3 |  |  | 77.7 |  |  |  | (68.6 | ) |  |  | 9.1 |
Software development costs |  | 3 - 7 |  |  | 924.6 |  |  |  | (465.3 | ) |  |  | 459.3 |
Leased equipment |  | 3 - 4 |  |  | 68.3 |  |  |  | (41.2 | ) |  |  | 27.1 |
Motor vehicles and field equipment |  | 2 - 10 |  |  | 6.8 |  |  |  | (1.4 | ) |  |  | 5.4 |
Total fixed assets |  |  |  | $ | 1,469.3 |  |  | $ | (837.0 | ) |  | $ | 632.3 |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Furniture and office equipment |  | 3 - 10 |  | $ | 268.9 |  |  | $ | (210.1 | ) |  | $ | 58.8 |
Leasehold improvements |  | Lease term |  |  | 103.9 |  |  |  | (41.7 | ) |  |  | 62.2 |
Purchased software |  | 3 |  |  | 89.8 |  |  |  | (77.7 | ) |  |  | 12.1 |
Software development costs |  | 3 - 7 |  |  | 773.7 |  |  |  | (373.7 | ) |  |  | 400.0 |
Leased equipment |  | 3 - 4 |  |  | 38.5 |  |  |  | (28.6 | ) |  |  | 9.9 |
Aircraft equipment |  | 2 - 10 |  |  | 5.2 |  |  |  | (0.1 | ) |  |  | 5.1 |
Total fixed assets |  |  |  | $ | 1,280.0 |  |  | $ | (731.9 | ) |  | $ | 548.1 |
Depreciation and amortization of fixed assets for the years ended December 31, 2020, 2019 and 2018 were $192.2 million, $185.7 million and $165.3 million, of which $120.6 million, $100.2 million and $85.4 million related to amortization of internal-use software development costs, respectively. Amortization expense related to development of software for sale in accordance with ASC 985-20 was $11.3 million, $12.8 million and $9.7 million for the years ended December 31, 2020, 2019 and 2018, respectively. We had unamortized software development costs that had been capitalized in accordance with ASC 350-40 of $405.8 million and $353.3 million as of December 31, 2020 and 2019, respectively. We had unamortized software development costs that had been capitalized in accordance with ASC 985-20 of $53.5 million and $46.7 million as of December 31, 2020 and 2019, respectively. Leased assets include amounts held under finance leases for automobiles, computer software, and computer equipment. VERISK ANALYTICS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

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