Invesco Van Kampen Select Sector Municipal Trust (VKL)

13.06 -0.03  -0.23%  Jun 01, 8:00PM Go Pro
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Invesco Van Kampen Select Sector Municipal Trust Net PP&E

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About Net PP&E

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.
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VKL News

Invesco Closed-End Funds Declare Dividends
May 01, 12:00PM PR Newswire
Invesco Closed-End Funds Declare Dividends
Apr 02, 12:00PM PR Newswire
Invesco Closed-End Funds Declare Dividends
Mar 01, 12:00PM PR Newswire
Invesco Closed-End Funds Declare Dividends
Feb 01, 12:36PM PR Newswire
Invesco Closed-End Funds Declare Dividends
Jan 03, 12:00PM PR Newswire
Invesco Closed-End Funds Declare Dividends
Dec 01, 12:24PM PR Newswire
Invesco Closed-End Funds Declare Dividends
Nov 01, 12:00PM PR Newswire
Invesco Closed-End Funds Declare Dividends
Sep 30, 12:00PM PR Newswire
Invesco Closed-End Funds Declare Dividends
Sep 01, 12:00PM PR Newswire
Invesco Closed-End Funds Declare Dividends
Aug 01, 12:00PM PR Newswire
Invesco Closed-End Funds Declare Dividends
Jul 01, 12:00PM PR Newswire
Invesco Closed-End Funds Declare Dividends
Jun 01, 12:00PM PR Newswire
Invesco Closed-End Funds Declare Dividends
May 02, 12:00PM PR Newswire

Recent Quotes

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