Note 1: Nature of Operations and Summary of Significant Accounting Policies: Impairment or Disposal of Long-Lived Assets, Policy (Policies)

12 Months Ended

Dec. 31, 2019

Policies

Impairment or Disposal of Long-Lived Assets, Policy

The Company evaluates the recoverability of the carrying value of long-lived assets whenever events or circumstances indicate the carrying amount may not be recoverable.  If a long-lived asset is tested for recoverability and the undiscounted estimated future cash flows expected to result from the use and eventual disposition of the asset is less than the carrying amount of the asset, the asset cost is adjusted to fair value and an impairment loss is recognized as the amount by which the carrying amount of a long-lived asset exceeds its fair value.

No asset impairment was recognized during the years ended December 31, 2019, 2018 and 2017.  At December 31, 2019, the remaining valuation allowance related to various properties was $220,000.