COST Financial_Report

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Unformatted text preview: nces occur tha t ma y indica te the ca rrying a mount of the a sset group, genera lly a n individua l wa rehouse, ma y not be fully recovera ble. For a sset groups held a nd used, including wa rehouses to be reloca ted, the ca rrying va lue of the a sset group is considered recovera ble when the estima ted future undiscounted ca sh flows genera ted from the use a nd eventua l disposition of the a sset group exceed the group&#x2019 tha t the ca rrying va lue is not considered recovera ble, a n impa irment loss would be recogniz ed for the a sset group to be held a nd used equa l to the excess of the ca rrying va lue a bove the estima ted fa ir va lue of the a sset group. For a sset groups cla ssified a s held for sa le (disposa l group), the ca rrying va lue is compa red to the disposa l group&#x2019 sell. The Compa ny estima tes fa ir va lue by obta ining ma rket a ppra isa ls from third pa rty brokers or other va lua tion techniques. Impa irment cha rges, included in selling, genera l a nd a dministra tive expenses on the consolida ted sta tements of income, in 2012, 2011, a nd 2010 were imma teria l.</font></p> <p style=3D'MARGIN-TOP: 18px <p style=3D'MARGIN-TOP: 6 px <font style=3D'FONT-FAMILY: ARIAL' siz e=3D2>The Compa ny ca pita liz es certa in computer softwa re a nd softwa re development costs incurred in connection with developing or obta ining computer softwa re for interna l use. These costs a re included in property, pla nt, a nd equipment a nd a mortiz ed on a stra ight-line ba sis over the estima ted useful lives of the softwa re, genera lly three to seven yea rs.</font></p> <p style=3D'MARGIN-TOP: 18px &#xA0 <p style=3D'MARGIN-TOP: 18px <p style=3D'MARGIN-TOP: 6 px <font style=3D'FONT-FAMILY: ARIAL' siz e=3D2>Other a ssets consist of the following a t the end of 2012 a nd 2011:</font></p> <p style=3D'MARGIN-TOP: 0px &#xA0 <ta ble style=3D'BORDER-COLLAPSE: colla pse' border=3D0 cellspa cing=3D0 cellpa dding=3D0 width=3D84 % a lign=3Dcenter> <tr> <td width=3D82% ></td> <td va lign=3Dbottom width=3D6 % ></td> <td></td> <td></td> <td></td> <td va lign=3Dbottom width=3D6 % ></td> <td></td> <td></td> <td></td> </tr> <tr> <td va lign=3Dbottom><font siz e=3D1>&#xA0 <td va lign=3Dbottom><font siz e=3D1>&#xA0 <td style=3D'BORDER-BOTTOM: #000000 1px solid' va lign=3Dbottom colspa n=3D2 a lign=3Dcenter><font style=3D'FONT-FAMILY: <td va lign=3Dbottom><font siz e=3D1>&#xA0 <td va lign=3Dbottom><font siz e=3D1>&#xA0 <td style=3D'BORDER-BOTTOM: #000000 1px solid' va lign=3Dbottom colspa n=3D2 a lign=3Dcenter><font style=3D'FONT-FAMILY: <td va lign=3Dbottom><font siz e=3D1>&#xA0 </tr> <tr bgcolor=3D#CCEEFF> <td va lign=3Dtop> <p style=3D'TEXT-INDENT: -1em long-term deposits</font></p> </td> <td va lign=3Dbottom><font siz e=3D1>&#x...
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This document was uploaded on 04/07/2014.

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