NORTECH SYSTEMS INC Annual Depreciation in USD from 2010 to 2023

Taxonomy & unit
us-gaap: USD
Description
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.
Summary
Nortech Systems Inc quarterly/annual Depreciation history and growth rate from 2010 to 2023.
  • Nortech Systems Inc Depreciation for the quarter ending March 31, 2024 was $482K, a 4.55% decline year-over-year.
  • Nortech Systems Inc annual Depreciation for 2023 was $1.89M, a 6.96% increase from 2022.
  • Nortech Systems Inc annual Depreciation for 2022 was $1.77M, a 0.34% decline from 2021.
  • Nortech Systems Inc annual Depreciation for 2021 was $1.77M, a 11.4% decline from 2020.
Depreciation, Annual (USD)
Depreciation, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $1.89M +$123K +6.96% Jan 1, 2023 Dec 31, 2023 10-K 2024-03-20
2022 $1.77M -$6K -0.34% Jan 1, 2022 Dec 31, 2022 10-K 2024-03-20
2021 $1.77M -$228K -11.4% Jan 1, 2021 Dec 31, 2021 10-K 2023-03-17
2020 $2M +$76K +3.95% Jan 1, 2020 Dec 31, 2020 10-K 2022-03-17
2019 $1.93M +$49K +2.61% Jan 1, 2019 Dec 31, 2019 10-K 2021-03-23
2018 $1.88M -$309K -14.1% Jan 1, 2018 Dec 31, 2018 10-K 2020-03-19
2017 $2.19M +$81K +3.85% Jan 1, 2017 Dec 31, 2017 10-K 2019-04-01
2016 $2.1M -$56.1K -2.6% Jan 1, 2016 Dec 31, 2016 10-K 2018-03-27
2015 $2.16M +$136K +6.73% Jan 1, 2015 Dec 31, 2015 10-K 2017-03-08
2014 $2.02M +$19.9K +0.99% Jan 1, 2014 Dec 31, 2014 10-K 2016-03-22
2013 $2M +$159K +8.61% Jan 1, 2013 Dec 31, 2013 10-K 2015-03-11
2012 $1.85M -$49.1K -2.59% Jan 1, 2012 Dec 31, 2012 10-K 2014-03-07
2011 $1.9M +$340K +21.9% Jan 1, 2011 Dec 31, 2011 10-K 2013-03-08
2010 $1.55M Jan 1, 2010 Dec 31, 2010 10-K 2012-03-09
* An asterisk sign (*) next to the value indicates that the value is likely invalid.