Envestnet, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Dec. 31, 2012

4.	Property and Equipment

Property and equipment consists of the following:


		At December 31,
	Estimated Useful Life	2012			2011
Cost:
Office furniture and fixtures	5-7 years	$	3,613		$	2,713
Computer equipment and software	3 years		22,098			18,942
Other office equipment	5 years		598			598
Leasehold improvements	Shorter of the lease term or useful life of the asset		7,638			5,833

			33,947			28,086
Less accumulated depreciation and amortization			(22,156	)		(16,995	)

Property and equipment, net		$	11,791		$	11,091

Depreciation and amortization expense was as follows:


	Year ended December 31,
	2012		2011		2010
Depreciation and amortization expense	$	4,685	$	3,862	$	2,980

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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