RMS Titanic was a British passenger liner that sank in the North Atlantic Ocean in the early morning of 15 April 1912 after colliding with an iceberg during her maiden voyage from Southampton, UK, to New York City, US.hey were heated by burning coal, 6,611 tons of which could be carried in Titanic ' s bunkers with a further 1,092 tons in Hold 3. The furnaces required over 600 tons of coal a day to be shovelled into them by hand, requiring the services of 176 firemen working around the clock.
Depreciation of leasehold improvements. A leasehold improvement is created when a lessee pays for enhancements to building space, such as carpeting and interior walls. The depreciation of leasehold improvements only occurs if the amount expended is more than the lessee's capitalization limit.
Our terminals, pipelines and related equipment have estimated useful lives of three to 59 years, with a weighted-average asset life of approximately 40 years. If the estimates of our asset lives changed such that the average estimated asset life was 35 years, our depreciation expense for 2005 would increase by $7.6 million.