Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 191

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 191
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. As of December 31,
2024 and 2023, the Company determined no allowances for credit losses were necessary for accounts receivable.

F-12

ABLE VIEW GLOBAL INC.

2. SUMMARY OF
SIGNIFICANT ACCOUNTING POLICIES(cont.)

  Inventories  

Inventories, consisting of cosmetics and other
beauty products available for sale, are stated at the lower of cost or net realizable value. Cost of inventories is determined using the
weighted average cost method. Adjustments are recorded to write down the cost of inventories to the estimated net realizable value due
to damaged goods and slow-moving merchandise, which is dependent upon factors such as historical and forecasted consumer demand, and promotional
environment. The Company takes ownership, risks and rewards of the products purchased. Write-downs are recorded in cost of revenues in
the consolidated statements of operations and comprehensive (loss) income. For the years ended December 31, 2024, 2023 and 2022, the Company
had inventory writing-downs of $4,887,783, $11,992and $31,202due to damages and slowing moving merchandise.

Property and
equipment, net

Property and equipment primarily consist of office
equipment, vehicles and leasehold improvements. Office equipment and vehicles are stated at cost less accumulated depreciation less any
provision required for impairment in value. Depreciation is computed using the straight-line method with no residual value based on the
estimated useful lives as follows:

  Office equipment            3 – 5 years                                                     
  Vehicles                    3 – 5 years                                                     
  Leasehold improvements      Shorter of the remaining lease terms and the estimated 3 years  

Costs of repairs and maintenance are expensed
as incurred and asset improvements are capitalized. The cost and related accumulated depreciation of assets disposed of or retired are
removed from the accounts, and any resulting gain or loss is reflected in the consolidated statement of income.

Impairment
of long-lived assets

The Company reviews long-lived assets for impairment
whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets
to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be
generated by the asset. If such assets are considered to be impaired, the impairment recognized is measured by the amount by which the
carrying amount of the assets exceeds the fair value of the