ADP 2013 Annual Report Download - page 61

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The rollforward of the allowance for doubtful accounts related to notes receivable is as follows:
The allowance for doubtful accounts as a percentage of notes receivable was approximately 6% as of June 30, 2013 and 6% as of June 30, 2012
.
On an ongoing basis, the Company evaluates the credit quality of its financing receivables, utilizing aging of receivables, collection experience
and charge-offs. In addition, the Company evaluates economic conditions in the auto industry and specific dealership matters, such as
bankruptcy. As events related to a specific client dictate, the credit quality of a client is reevaluated. Approximately 100% of notes receivable
were current at June 30, 2013 and 2012 .
NOTE 7. PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at cost and accumulated depreciation at June 30, 2013 and 2012 are as follows:
Depreciation of property, plant and equipment was $149.9 million , $146.9 million , and $146.3 million for fiscal 2013 , 2012 , and 2011 ,
respectively.
NOTE 8. GOODWILL AND INTANGIBLE ASSETS, NET
Changes in goodwill for the fiscal year ended June 30, 2013 and 2012 are as follows:
53
Current
Long-term
Balance at June 30, 2011
$
5.7
$
9.4
Incremental provision
0.6
0.2
Recoveries
—
0.4
Chargeoffs
(0.9
)
(1.2
)
Balance at June 30, 2012
$
5.4
$
8.8
Incremental provision
0.8
1.2
Recoveries
—
0.2
Chargeoffs
(0.9
)
(1.2
)
Balance at June 30, 2013
$
5.3
$
9.0
June 30,
2013
2012
Property, plant, and equipment:
Land and buildings
$
731.7
$
710.4
Data processing equipment
850.7
814.5
Furniture, leaseholds, and other
460.5
431.6
2,042.9
1,956.5
Less: accumulated depreciation
(1,314.2
)
(1,250.2
)
Property, plant, and equipment, net
$
728.7
$
706.3
Employer
Services
PEO
Services
Dealer
Services
Total
Balance at June 30, 2011
$
1,841.7
$
4.8
$
1,133.8
$
2,980.3
Additions and other adjustments, net
106.8
—
56.2
163.0
Currency translation adjustments
(60.9
)
—
(
20.4
)
(81.3
)
Balance at June 30, 2012
$
1,887.6
$
4.8
$
1,169.6
$
3,062.0
Additions and other adjustments, net
29.4
—
0.8
30.2
Currency translation adjustments
4.5
—
(
1.4
)
3.1
Goodwill impairment
(42.7
)
—
—
(
42.7
)
Balance at June 30, 2013
$
1,878.8
$
4.8
$
1,169.0
$
3,052.6