notes to consolidated financial statements note 12 . other assets other assets are generally less liquid , non-financial assets . the table below presents other assets by type. .
for miscellaneous receivables and other assets , what was the percentage that represented assets related to the firm 2019s reinsurance business which were classified as held for sale as of december 2012?
1 . net of accumulated depreciation and amortization of $ 9.05 billion and $ 8.46 billion as of december 2012 and december 2011 , respectively . 2 . includes $ 149 million of intangible assets classified as held for sale . see note 13 for further information about goodwill and identifiable intangible assets . 3 . see note 24 for further information about income taxes . 4 . excludes investments accounted for at fair value under the fair value option where the firm would otherwise apply the equity method of accounting of $ 5.54 billion and $ 4.17 billion as of december 2012 and december 2011 , respectively , which are included in 201cfinancial instruments owned , at fair value . 201d the firm has generally elected the fair value option for such investments acquired after the fair value option became available . 5 . includes $ 16.77 billion of assets related to the firm 2019s reinsurance business which were classified as held for sale as of december 2012 . assets held for sale in the fourth quarter of 2012 , the firm classified its reinsurance business within its institutional client services segment as held for sale . assets related to this business of $ 16.92 billion , consisting primarily of available-for-sale securities and separate account assets at fair value , are included in 201cother assets . 201d liabilities related to the business of $ 14.62 billion are included in 201cother liabilities and accrued expenses . 201d see note 8 for further information about insurance-related assets and liabilities held for sale at fair value . the firm expects to complete the sale of a majority stake in its reinsurance business in 2013 and does not expect to recognize a material gain or loss upon the sale . upon completion of the sale , the firm will no longer consolidate this business . property , leasehold improvements and equipment property , leasehold improvements and equipment included $ 6.20 billion and $ 6.48 billion as of december 2012 and december 2011 , respectively , related to property , leasehold improvements and equipment that the firm uses in connection with its operations . the remainder is held by investment entities , including vies , consolidated by the firm . substantially all property and equipment are depreciated on a straight-line basis over the useful life of the asset . leasehold improvements are amortized on a straight-line basis over the useful life of the improvement or the term of the lease , whichever is shorter . certain costs of software developed or obtained for internal use are capitalized and amortized on a straight-line basis over the useful life of the software . property , leasehold improvements and equipment are tested for impairment whenever events or changes in circumstances suggest that an asset 2019s or asset group 2019s carrying value may not be fully recoverable . the firm 2019s policy for impairment testing of property , leasehold improvements and equipment is the same as is used for identifiable intangible assets with finite lives . see note 13 for further information . goldman sachs 2012 annual report 163 .