Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 172

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 172
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 included within property, plant and equipment and is amortized over the life of the related assets. (j)Intangible assets, net Intangible assets are carried at cost less accumulated amortization and any recorded impairment. Intangible assets are amortized using the straight -lineapproach over the estimated economic useful lives of the assets as follows:

| Category   |     | Estimated    
 useful lives |
| Trade mark |     | 25 years     |
| Software   |     | 2 – 10 years |

(k) Long -term investment The Group carries equity investment without readily determinable fair values at cost and recognizes income as any dividends declared from distribution of investee’s earnings. The Group reviews the equity investment without readily determinable fair values for impairment whenever events or changes in circumstances indicate that the carrying value may no longer be recoverable. An impairment loss is recognized in earnings equal to the difference between the investment’s carrying amount and its fair value at the balance sheet date of the reporting period for which the assessment is made. All equity investments, except those accounted for under the equity method of accounting or those resulting in the consolidation of the investee, be accounted for at fair value with all fair value changes recognized in income. For equity investments that do not have readily determinable fair values the Group measures the equity investment at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the Group in accordance with ASC topic 321, Investments — Equity Securities. (l)Operating leases The Group early adopted the ASC 842 as of January 1, 2020 using the cumulative effect adjustment approach. The adoption of Topic 842 resulted in the presentation of operating lease right -of -use(“ROU”) assets and operating lease liabilities on the consolidated balance sheet. The Group has elected the package of practical expedients, which allows the Group not to reassess (1) whether any expired or existing contracts as of the adoption date are or contain a lease; (2) lease classification for any expired or existing leases as of the adoption date; and (3) initial direct costs for any expired or existing leases as of the adoption date. Lastly, the Group elected the short -termlease exemption for all contracts with lease terms of 12 months or less. The Group recognizes lease expense for short -termleases on a straight -linebasis over the lease term. Right -of -useassets represent the Group’s right to use an underlying asset for the lease term and lease