Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 239

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 8
Chunk 239
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. Generally, fair values are estimated using discounted cash flow, replacement cost or market comparison analyses. The process of
evaluating for impairment requires estimates as to future events and conditions, which are subject to varying market and economic factors.
Therefore, it is reasonably possible that a change in estimate resulting from judgments as to future events could occur which would affect
the recorded amounts of the property. No impairment losses were recorded for the years ended June 30, 2025 and 2024.

Investment
in Real Estate, Net

Rental
properties are stated at cost less accumulated depreciation. Depreciation of rental property is provided on the straight-line method
based upon estimated useful lives of 5 to 40 years for buildings and improvements and 5 to 10 years for equipment. Expenditures for repairs
and maintenance are charged to expense as incurred and major improvements are capitalized.

The
Company also reviews its rental property assets for impairment. No impairment losses on the investment in real estate have been recorded
for the years ended June 30, 2025 and 2024.

The
fair value of the tangible assets of an acquired property, which includes land, building and improvements, is determined by valuing the
property as if it were vacant, and incorporates costs during the lease-up periods considering current market conditions and costs to
execute similar leases such as lost rental revenue and tenant improvements. The value of tangible assets is depreciated using straight-line
method based upon the assets estimated useful lives.

    40

Investment
in Marketable Securities

Marketable
equity securities are stated at fair value as determined by the most recently traded price of each security at the balance sheet date
in accordance with ASC 321; changes in fair value are recognized in earnings. Marketable debt securities, if any, are classified as trading
and measured at fair value with changes recognized in earnings (ASC 320/ASC 825).

Other
Investments, Net

Other
investments include non-marketable securities (carried at cost, net of any impairment loss) and non-marketable debt instruments. The
Company has no significant influence or control over the entities that issue these investments. These investments are reviewed on a periodic
basis for other-than-temporary impairment. The Company reviews several factors to determine whether a loss is other-than-temporary. These
factors include but are not limited to: (i) the length of time an investment is in an unrealized loss position, (ii) the extent to which
fair value