Page 117 - ACC One Report 2567-En

ADVANCED CONNECTION CORPORATION PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024
Buildings and utilities
Solar panel
Machinery and plant equipment Office equipment
Vehicle
Useful lives (Years) 5, 10, 20, 25
25
5, 10, 25
3, 5
5
Expenditures for addition, renewal and betterment are capitalized. Repair and maintenance costs are recognized as expenses when incur.
An item of property, buildings and equipment are derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on disposal of an asset is included in profit or loss when the asset is derecognized.
4.12 Networksystemsandequipmentforrentanddepreciation
Rental network systems are valued at cost less accumulated depreciation. Depreciation of the rental network system is calculated from cost using the sum of years method. The useful life of the lease can be shown as follows:
Useful lives (Years) Rental contract 5
The company removes leased network system items from the accounts when the asset is sold or when it is expected that the company will not receive future economic benefits from its use or sale. The profit or loss from the sale of the asset will be recognized as part of the profit or loss when the company removes the asset from the accounts.
Equipment for rental is valued at cost less accumulated depreciation. Depreciation of rental equipment is calculated based on its cost. The straight – line method over the useful life of the lease can be shown as follows:
Useful lives (Years) Rental contract 2 – 5
4.13 Investmentproperty
Investment properties are properties which are held to earn rental income, for capital appreciation or for both, but not for sale in the ordinary course of business, use in the production or supply of goods or services or for administrative purposes.
Investment properties are stated at cost less accumulated depreciation and accumulated impairment losses.
Cost includes expenditure that is directly attributable to the acquisition of the investment properties. The cost of self – constructed investment properties includes the cost of materials and direct labour, and other costs directly attributable to bringing the investment properties to a working condition for its intended use and capitalised borrowing costs.
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Annual Report 2024 (Form 56-1 One Report) Advanced Connection Corporation Public Company Limited
117