Page 118 - ACC One Report 2567-En

ADVANCED CONNECTION CORPORATION PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024
Depreciation is charged to profit or loss on a straight – line basis over the estimated useful lives of each property. The estimated useful lives are as follows:
Useful lives (Years) Condominium 20
Depreciation is included in determining income and no depreciation is provided on land and construction in progress.
4.14 Intangibleassets
Intangible assets are shown at cost less by accumulated amortized expense and allowance for impairment (if any) of that asset.
Amortization is calculated over the cost of the assets less its residual value (if any). Amortization is recognized in profit or loss on a straight – line basis over the estimated useful lives of intangible assets from the date that they are available for use, since this most closely reflects the expected pattern of consumption of the future economic benefits embodied in the asset. The estimated useful lives are as follows:
Useful lives (Years) Computer Software 3, 5, 10
Amortization methods, useful lives and residual values are reviewed at each financial year-end and adjusted if appropriate.
4.15 Goodwill
The group records the initial value of goodwill at cost, which is equal to the business combination cost exceeding the fair value of the acquired net assets. If the fair value of the acquired net assets exceeds the business combination cost, the group will recognize the excess amount as a gain immediately in the profit or loss.
The Group presents goodwill at cost less accumulated allowance for impairment. and will test goodwill for impairment annually or whenever indications of impairment arise.
For the purpose of impairment testing, the group allocates goodwill arising from business combinations to cash – generating units (or groups of cash-generating units) that are expected to benefit from the business combination. The Group assesses the recoverable amount of each cash-generating unit (or group of cash-generating units). If the recoverable amount of a cash-generating unit is lower than its carrying amount, the Group recognizes an impairment loss in profit or loss. The Group cannot reverse an impairment loss on goodwill in the future.
4.16 Leases
At inception of contract, the group assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.
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Annual Report 2024 (Form 56-1 One Report)
Advanced Connection Corporation Public Company Limited
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