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Note 2 - Significant Accounting Policies: Impairment of Long-lived Assets (Policies)
12 Months Ended
Dec. 31, 2013
Policies  
Impairment of Long-lived Assets

Impairment of long-lived assets 

 

The Company will review the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical-cost carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized.

 

An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is estimated based upon either discounted cash flow analysis or estimated salvage value.   As of December 31, 2012 and 2013, the firm has not had to recognize an impairment loss.