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Property and Equipment, Net

12 Months Ended

Dec. 31, 2019

Property and Equipment, Net

Property and Equipment, Net

8. Property and Equipment, Net

Property and equipment, net consists of the following:

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​	​	​	​	​	​	​
​	​	As of December 31,
​	​	(Amount in Thousands)
​		2018		2019		2019
​	​	RMB	​	RMB	​	US$
Leasehold improvements	​	169,367	​	175,579	​	25,220
Furniture, fixtures and equipment		125,199		133,217	​	19,135
Motor vehicles		146,167		122,474	​	17,592
Software		109,748		124,754	​	17,920
Property		55,154		55,154	​	7,923
​		605,635		611,178	​	87,790
Accumulated depreciation		(278,549)		(332,610)	​	(47,776)
​		327,086		278,568	​	40,014
Construction in progress		19,567		17,752	​	2,550
Property and equipment, net		346,653		296,320	​	42,564

​

Depreciation expense was RMB81,964, RMB92,282 and RMB105,432 for the years ended December 31, 2017, 2018 and 2019, respectively.

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- References

No definition available.

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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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