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NOTE A - SUMMARY OF ACCOUNTING POLICIES AND NATURE OF OPERATIONS: Long-Lived Assets (Policies)
12 Months Ended
Dec. 31, 2017
Policies  
Long-Lived Assets

Long-Lived Assets

 

All long-lived assets held and used by the Company, including intangible assets, are reviewed to determine whether any events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable.  In accordance with ASC 360-10-35 “Impairment or Disposal of Long-lived Assets”, the Company bases its evaluation on such impairment indicators as the nature of the assets, the future economic benefit of the assets, any historical or future profitability measurements, as well as other external market conditions or factors that may be present. If such impairment indicators are present or other factors exist that indicate that the carrying amount of the asset may not be recoverable the Company determines whether impairment has occurred through the use of an undiscounted cash flows analysis of the asset. If impairment has occurred, the Company recognizes a loss for the difference between the carrying amount and the estimated value of the asset. No intangible assets were purchased in 2017. During the year ended December 31, 2016, $10,500 was paid for an intangible asset and $16,000 was purchased on account. The Company incurred no impairment expense in 2017 or 2016.  Amortization expense for the years ended December 31, 2017 and 2016 was $9,051 and $2,700, respectively.