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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2016 |
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2017 |
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Land
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$ |
18,789,852 |
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$ |
18,904,830 |
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— |
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Buildings and improvements
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19,602,568 |
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20,299,377 |
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15-30 |
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Broadcast equipment
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33,450,365 |
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35,748,619 |
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5-15 |
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Transportation equipment
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1,883,038 |
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2,043,463 |
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5 |
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Office equipment
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5,201,349 |
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5,696,843 |
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5-10 |
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Construction in progress
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1,579,022 |
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3,496,229 |
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— |
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80,506,194 |
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86,189,361 |
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Less accumulated depreciation and amortization
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(20,716,575 |
) |
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(26,870,428 |
) |
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$ |
59,789,619 |
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$ |
59,318,933 |
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