2. Basis of Presentation and Significant Accounting Policies: Long-lived Assets (Policies)

9 Months Ended

Jul. 31, 2015

Policies

Long-lived Assets

Long-Lived Assets

The Company reviews long-lived assets for impairment when circumstances indicate the carrying amount of an asset may not be recoverable. Impairment is recognized to the extent the sum of undiscounted estimated future cash flows expected to result from the use of the asset is less than the carrying value of the asset. Assets to be disposed of are carried at the lower of their carrying value or fair value, less estimated costs to sell. The Company evaluates the periods of amortization continually to determine whether later events and circumstances warrant revised estimates of useful lives. If estimates are changed, the unamortized costs will be allocated to the increased or decreased number of remaining periods in the revised useful life.