Note 6 - Property, Plant And Equipment

Property and Equipment at September 30, 2004 and 2003 are summarized as follows:

Property and Equipment
at September 30, 2004 and 2003

	2004			2003
	Acquisition Cost	Accumulated Depreciation	Book Value	Acquisition Cost	Accumulated Depreciation	Book Value
Land	$   180	$     -	$   180	$   180	$     -	$   180
Buildings and structures	17,448	-	17,488	18,231	-	18,231
Furniture and equipment	48,462	20,024	28,438	45,940	18,635	27,305
Other	873	-	873	657	107	550
Construction in progress	42	-	42	590	-	590
Total	$67,045	$20,024	$47,021	$65,598	$18,742	$46,856

FHWA recognizes amortization of costs (depreciation) over the life of assets. Capital expenditures for property are recognized as expended when applied to projects and/or upon disposal of assets.

Road construction equipment on Federal highway supervised projects account for the largest portion of the equipment/depreciation expense. The recorded construction equipment expense is based on the number of hours to total useful operating life.

Buildings consist of the Turner Fairbank Research Station located in Langley, Virginia and a historically designated Mule Barn in Vancouver, Washington.