Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Significant Accounting Policies: Long-lived Assets (Policies)

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Note 2 - Significant Accounting Policies: Long-lived Assets (Policies)
6 Months Ended
Sep. 30, 2015
Policies  
Long-lived Assets

Long-Lived Assets

 

We periodically review the carrying amount of our long-lived assets for impairment. An asset is considered impaired when estimated future cash flows are less than the asset’s carrying amount. In the event the carrying amount of such asset is not considered recoverable, the asset is adjusted to its fair value. Fair value is generally determined based on discounted future cash flow. 

 

Beginning in fiscal year 2016, we revised the estimated useful lives from 5 to 7 years for furniture and fixtures, and machinery and equipment, 25 to 30 years for buildings, 3 to 5 years for vehicles, and added a software asset type that has a useful life of 2 years.  The change in depreciable lives is considered a change in accounting estimate on a prospective basis from April 1, 2015 and had an immaterial impact on overall financial statements for the period ended September 30, 2015.