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PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2019

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

7. PROPERTY AND EQUIPMENT

Property and equipment consists of the following:

		As of December 31,
		2018		2019
Cost:
Leasehold improvements		34,147		42,858
Electronic equipment		18,730		22,373
Furniture, fixtures and equipment		8,566		15,426
Vehicles		595		898
		62,038		81,555
Less: Accumulated depreciation		(41,736)		(51,719)
		20,302		29,836
Construction in progress		—		—
Property and equipment, net		20,302		29,836

Depreciation expense was RMB14,203,  RMB10,643 and RMB10,607 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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