Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 354

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 19
Chunk 354
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 is recorded
at cost, less accumulated amortization and accumulated impairment losses, if any.

Internal software-development expenses
are recognized as assets when the Group can demonstrate its intention and ability to complete the development and use the software in
order to generate future economic benefits. The capitalized costs of internally developed software include all costs directly attributable
to development and are amortized over their useful lives. Internally developed software is recorded at its capitalized cost less amortization
and impairment losses (see Note 2(i) below).

Subsequent software expenses are capitalized
only when they increase the future economic benefits incorporated in the specific asset to which it relates. All other expenses are recorded
as expenses as incurred.

Amortization is recognized in the consolidated
statement of income using the straight-line method over the estimated useful life of the software, beginning on the date that it becomes
available for use. The estimated useful life of software is from two to five years from the date of its availability for use. Useful life
and residual values are reviewed at each reporting date and adjusted, if necessary.

  iii.      Other intangible assets  

Other intangible assets refer basically
to the customer portfolio and acquisition of banking service rights. They are recorded at cost less amortization and impairment losses,
if any, and are amortized for the period in which the asset is expected to contribute, directly or indirectly, to the future cash flows.

These intangible assets are reviewed annually,
or whenever events or changes in circumstances occur which could indicate that the carrying amount of the assets cannot be recovered.
If necessary, the write-off or impairment (see Note 2(i) below) is immediately recognized in the consolidated statement of income.

  Company lease (lessee)  

As a lessee, the Group assesses at contract
inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified
asset for a period in exchange for consideration.

The Group applies a single recognition
and measurement approach for all leases, except for short-term leases and leases of low-value assets. The Company recognizes lease liabilities
to make lease payments and right-of-use assets representing the right to use the underlying assets.

At the beginning of a lease, the Group
recognizes a “lease liability” and a right of use asset. The expenses with interest on the lease liability and expenses of
depreciation of the right of use asset are recognized separately.

The right of use asset is measured initially
at cost value