| 2.20. | Property and Equipment |
Property and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses. Cost includes the purchase price and any other costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating. The cost of a self-constructed asset is determined using the same principles as for an acquired asset.
Depreciation is recognized on a straight-line basis method, reflecting the pattern in which the asset’s future economic benefits are expected to be consumed by the Company. The estimated useful lives are as follows:
|
Asset Class |
Useful Life (years) |
|
|
Leasehold improvements |
19 | |
|
Machinery and equipment |
8 | |
|
Hardware |
5 | |
|
Facilities |
14 | |
|
Furniture and fixture |
10 | |
|
Vehicles |
5 |
Gain or loss arising from the derecognition of property and equipment is determined as the difference between the net disposal proceeds, if any, and the carrying amount of the item and recognized in other operating income (expenses) in the consolidated statements of profit or loss.