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PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

6. PROPERTY AND EQUIPMENT

Property and equipment consisted of the followings:

		Year ended December 31,
		2018				2019
		RMB				RMB
Leasehold improvement			7,291				8,093
Motor vehicles			1,604				1,604
Electronic equipment			29,756				56,068
Office equipment & furniture			6,432				6,868
Software			1,182				1,342
Total costs			46,265				73,975
Less: accumulated depreciation and amortization			(17,254	)			(34,891	)
Property and equipment, net			29,011				39,084

For the years ended December 31, 2017, 2018 and 2019, depreciation expenses were RMB4,098, RMB11,300 and RMB 17,710 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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