Company: NIVFW
Filing Date: 2025-05-29
Form Type: F-1/A
Source: 0001213900-25-048554
Chunk: 191

Company: NewGenIvf Group Ltd
Filing Date: 2025-05-29
Form: F-1/A
Chunk 191
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 Depreciation is provided over their estimated useful lives, using the straight-line method.
The Company typically applies a salvage value of %.

| Furniture and fixtures |     | 3 – 5 years                                |
| Leasehold improvements |     | the lesser of useful life or term of lease |
| Medical instruments    |     | 3 – 10 years                               |
| Motor vehicle          |     | 3 – 5 years                                |
| Office equipment       |     | 3 – 5 years                                |

The cost and related accumulated
depreciation of assets sold or otherwise retired are eliminated from the accounts, and any gain or loss are included in the Company’s
results of operations. The costs of maintenance and repairs are expensed as incurred. Significant renewals and betterments that extend
the useful life of an assets are capitalized.

Impairment of long-lived assets

The Company evaluates the
long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not
be recoverable. Impairment may become obsolete from a difference in the industry, introduction of new technologies, or if the Company
has inadequate working capital to utilize the long-lived assets to generate adequate profits. Impairment is present if the carrying
amount of an asset is less than its expected future undiscounted cash flows.

If an asset is considered
impaired, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the asset. Assets to
be disposed of are reported lower the carrying amount or fair value less cost to sell.

Inventories

Inventories are stated at
the lower of cost and net realizable value. Costs are determined on a first-in, first-out basis. Net realizable value is based on
the estimated selling prices less any estimated costs to be incurred to completion and disposal. A provision for excess and obsolete inventory
will be made based primarily on products approaching expiry period and forecasts of product demand. The excess balance above the product
demand as determined by this analysis becomes the basis for excess inventory charge and the written-down value of the inventory becomes
its cost. Written-down inventory would not be reversed if market conditions improve.

Other borrowings

Other borrowings are recognized
initially at fair value, net of debt issuance costs incurred. Other borrowings are subsequently stated at amortized cost; any difference
between the proceeds (net of debt issuance costs) and the redemption value is recognized in the consolidated statements of operations
over the period