Quest Rare Minerals (QRM)

0.42 +0.01  +2.44% AMEX Dec 12, 5:00PM BATS Real time Currency in USD

Quest Rare Minerals Net PP&E (Quarterly):

42.24M for July 31, 2013

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Quest Rare Minerals Historical Net PP&E (Quarterly) Data

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Data for this Date Range
July 31, 2013 51.48M
April 30, 2013 49.30M
Jan. 31, 2013 47.52M
Oct. 31, 2012 42.24M
July 31, 2012 34.41M
April 30, 2012 31.42M
Jan. 31, 2012 28.04M
Oct. 31, 2011 25.64M
July 31, 2011 20.36M
April 30, 2011 15.23M
Jan. 31, 2011 11.54M
Oct. 31, 2010 9.708M

July 31, 2010 8.957M
April 30, 2010 7.024M
Jan. 31, 2010 5.934M
Oct. 31, 2009 4.671M
July 31, 2009 4.427M
April 30, 2009 3.700M
Jan. 31, 2009 3.508M
Oct. 31, 2008 Go Pro
July 31, 2008 Go Pro
April 30, 2008 Go Pro
Jan. 31, 2008 Go Pro

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Net PP&E is short for Net Property Plant and Equipment. Property Plant and Equipment is the value of all buildings, land, furniture, and other physical capital that a business has purchased to run its business. The term "Net" means that it is "Net" of accumulated depreciation expenses.

For example, assume that a company buys a building worth \$1,000,000, along with \$50,000 of furniture. Their Net PP&E at the moment of purchase is \$1,050,000.

Each year, however, the company must depreciate the value of that PP&E to account for the fact that it will wear out an need to be fixed or re-purchased in the future. Assume that in the first year, the company depreciates the building and furniture by \$105,000 (or 10% of the original value). Then, at the end of the year, its Net PP&E is:

\$1,050,000 - \$105,000 = \$945,000

As the company buys more PP&E, the value of its Net PP&E will increase, and as time passes, the value will decrease according to depreciation expenses.