Company: YDDL
Filing Date: 2025-01-21
Form Type: F-1
Source: 0001213900-25-004967
Chunk: 65

Company: One & one Green Technologies. INC
Filing Date: 2025-01-21
Form: F-1
Chunk 65
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U 2016 -13, Financial Instruments — Credit Losses, effective January 1, 2021. The Company uses the Current Expected Credit Losses (CECL) model to estimate credit losses on financial assets measured at amortized cost, as well as certain off -balancesheet credit exposures. Under the CECL model, the estimation of credit losses involves significant judgment and estimation uncertainty. Management exercises its judgment based on historical loss experience, current economic conditions, and reasonable and supportable forecasts. Changes in these factors could have a material impact on the estimated credit losses. e)Inventories Inventories are stated at the lower of cost or net realizable value, with net realized value represented by estimated selling prices in the ordinary course of business, less reasonably predictable costs of disposal and transportation. Cost of inventory is determined using the weighted average cost method. No inventory write -downwas recorded for the periods ended June30, 2024 and 2023, and the years ended December 31, 2023 and 2022. f)Property and equipment, net Our property and equipment are recorded at cost less accumulated depreciation and impairment loss, if any. Depreciation is calculated on the straight -linemethod after taking into account their respective estimated residual values over the following estimated useful lives:

| Category                    |     | Useful life |
| Land                        |     | Indefinite  |
| Real property and buildings |     | 20 years    |
| Machinery and equipment     |     | 10 years    |

When property and equipment are retired or otherwise disposed of, resulting gain or loss is included in net income in the period of disposition. Expenditures for repairs and maintenance are expensed as incurred, whereas the costs of betterments that extend the useful life of property, plant and equipment are capitalized as additions to the related assets. Gain or loss on disposal of property, plant and equipment, if any, is recognized in the consolidated statements of comprehensive income (loss) as the difference between the net sales proceeds and the carrying amount of the underlying asset.

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We recognize construction in progress (“CIP”) at cost, which includes all expenditures directly attributable to the construction or acquisition of the related property, plant, and equipment. These costs may include materials, labor, and applicable overhead costs, which are indirect costs associated with the construction. CIP is not depreciated until the asset is placed in service and is both physically and functionally complete. g)Impairment of long -lived assets All long -l