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Summary of Significant Accounting Policies: Long-Lived Assets, policy (Policies)
12 Months Ended
Dec. 31, 2023
Policies  
Long-Lived Assets, policy

Long-Lived Assets

 

The Company assesses the recoverability of the carrying value of its long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future, undiscounted cash flows expected to be generated by an asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. Impairment losses of $4,054,341 and $0 were recognized for the years ended December 31, 2023 and 2022, respectively. The impairment expense of $4,054,341 relates to the impairment of assets of Aphrodite’s Marketing and is included in losses before non-controlling interest from discontinued operations (see Note 13).