Intel 1996 Annual Report Download - page 48

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Please find page 48 of the 1996 Intel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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machinery and equipment, 2-4 years; land and buildings, 4-45 years.
The Company adopted SFAS No. 121, "Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of,"
effective as of the beginning of fiscal 1995. This adoption had no material effect on the Company's financial statements.
Deferred income on shipments to distributors. Certain of the Company's sales are made to distributors under agreements allowing price
protection and/or right of return on merchandise unsold by the distributors. Because of frequent sales price reductions and rapid technological
obsolescence in the industry, Intel defers recognition of such sales until the merchandise is sold by the distributors.