Property and Equipment
|12 Months Ended|
Dec. 31, 2017
|Property and Equipment|
|Property and Equipment, Net||
6. Property and Equipment
Property and equipment consists of the following:
During 2017 and 2016, the Company retired property and equipment that were no longer in service in the amount of $7,712 and $8,123, respectively. Substantially all assets retired originated in the Envestnet segment. The following table presents the cost amounts and related accumulated depreciation written off by category:
During 2016, the Company recorded an increase in the cost of acquired Yodlee property and equipment related to a purchase accounting fair market value adjustment in the amount of $3,922.
Depreciation and amortization expense was as follows:
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.
Reference 1: http://www.xbrl.org/2003/role/presentationRef