Summary of Property and Equipment |
Property and equipment is comprised of the following:
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December 31, |
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Estimated
useful lives
(years) |
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2014 |
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2015 |
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Land, buildings and improvements
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$ |
18,765,200 |
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$ |
18,911,203 |
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15-30 |
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Broadcast equipment
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23,477,103 |
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24,006,321 |
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5-15 |
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Transportation equipment
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1,159,516 |
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1,461,427 |
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5 |
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Office equipment
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2,952,183 |
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3,680,478 |
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5-10 |
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Construction in progress
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1,297,426 |
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1,222,155 |
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— |
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47,651,428 |
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49,281,584 |
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Less accumulated depreciation and amortization
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(19,397,226 |
) |
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(21,758,231 |
) |
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$ |
28,254,202 |
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$ |
27,523,353 |
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