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Property and Equipment, Net

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

6.     PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consisted of the following:

		As of December 31,
		2019			2020
		RMB			RMB
Leasehold improvement		612,899			393,388
Buildings		163,887			164,436
Furniture		36,179			20,504
Office equipment		40,966			32,388
Vehicles		119			119
Total cost of property and equipment		854,050			610,835
Less: Accumulated depreciation		(247,428	)		(225,788	)
Impairment loss		(47,684	)		(34,595	)
Add: Foreign exchange differences		(506	)		290
Construction in progress		9,412			238
Total		567,844			350,980

Depreciation expenses for the years ended December 31, 2018, 2019 and 2020 were RMB79,162, RMB108,303 and RMB76,353, respectively.

Loss on disposal for the years ended December 31, 2018, 2019 and 2020 were RMB7,069, RMB30,604 and RMB138,827, respectively.

The Building located in Kaifeng, Henan Province, was pledged for a 2-year RMB9,800 bank loan which was borrowed in July, 2020.

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916

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