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SEC Filings

10-Q
RENAISSANCE MEDIA GROUP LLC filed this Form 10-Q on 10/20/1998
Entire Document
 
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                          RENAISSANCE MEDIA GROUP LLC
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 JUNE 30, 1998
              (ALL DOLLAR AMOUNTS IN 000'S EXCEPT WHERE INDICATED)
                                  (Unaudited)


property and equipment is provided using the straight-line method over the
following estimated service lives.

     Buildings........................................  40 years
     Distribution plant...............................  3 - 10 years
     Other equipment and leasehold improvements.......  3 - 20 years

     The Company periodically reviews the carrying value of its long-lived
assets, including property, equipment and intangible assets whenever events or
changes in circumstances indicate that the carrying value may not be
recoverable.  To the extent the estimated future cash inflows attributable to
the asset, less estimated future cash outflows, is less than the carrying
amount, an impairment loss is recognized to the extent that the carrying value
of such asset is greater than its fair value.

     Cable Television Franchises and Intangible Assets

     Costs assigned to franchise agreements, goodwill, deferred financing and
other intangible assets are amortized using the straight-line method over the
following estimated useful lives:

     Goodwill.........................................  25 years
     Franchise agreements.............................  15 years
     Deferred financing and other intangible assets...  2 - 10 years

     Revenue Recognition

     Cable television service revenue is recognized in the month service is
provided to customers.  Advance payments on cable services to be rendered are
recorded as subscriber prepayments.  Advertising revenue is recognized in the
period service is provided.

     Estimates Used in Financial Statement Presentation

     The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amount of assets and liabilities, the
disclosure of contingent assets and liabilities at the date of

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