Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies: Long-lived Assets Policy (Policies)

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Summary of Significant Accounting Policies: Long-lived Assets Policy (Policies)
6 Months Ended
Jun. 30, 2017
Policies  
Long-lived Assets Policy

Long-lived assets

The Company accounts for its long-lived assets in accordance with Accounting Standards Codification (“ASC”) Topic 360-10-05, “Accounting for the Impairment or Disposal of Long-Lived Assets.”  ASC Topic 360-10-05 requires that long-lived assets be reviewed for impairment whenever events or changes in circumstances indicate that the historical cost carrying value of an asset may no longer be appropriate.  The Company assesses recoverability of the carrying value of an asset by estimating the future net cash flows expected to result from the asset, including eventual disposition.  If the future net cash flows are less than the carrying value of the asset, an impairment loss is recorded equal to the difference between the asset’s carrying value and fair value or disposable value.