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Note 2 - Basis of Presentation and Use of Estimates: H) Impairment of Long lived Assets (Policies)
6 Months Ended
Jun. 30, 2018
Policies  
H) Impairment of Long lived Assets

h) Impairment of Long Lived Assets

 

A long lived asset is tested for impairment whenever events or changes in circumstances indicate that its carrying value amount may not be recoverable. An impairment loss is recognized when the carrying amount of the asset exceeds the sum of the undiscounted cash flows resulting from its use and eventual disposition. The impairment loss is measured as the amount by which the carrying amount of the long lived assets exceeds its fair value.

 

Impairment charges would be included with costs and expenses in the Company's consolidated statements of operations, and would result in reduced carrying amounts of the related assets on the Company's consolidated balance sheets. No adjustments were made to long-lived assets during the period ended June 30, 2018, as a result of management's assessments.