Company: FVN
Filing Date: 2025-03-27
Form Type: DRS/A
Source: 0001829126-25-002094
Chunk: 541

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-27
Form: DRS/A
Chunk 541
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itures for maintenance and repairs are charged to earnings as incurred, while additions,
renewals and betterments, which are expected to extend the useful life of assets, are capitalized. The Company also re-evaluates the
periods of depreciation to determine whether subsequent events and circumstances warrant revised estimates of useful lives.

<div align='center'>F-30</div>

Long-lived assets, including
property and equipment are reviewed for impairment whenever events or changes in circumstances (such as a significant adverse change
to market conditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be recoverable.
The Company assesses the recoverability of the assets based on the undiscounted future cash flows the assets are expected to generate
and recognize an impairment loss when estimated undiscounted future cash flows expected to result from the use of the asset plus net
proceeds expected from disposition of the asset, if any, are less than the carrying value of the asset. If an impairment is identified,
the Company would reduce the carrying amount of the asset to its estimated fair value based on a discounted cash flows approach or, when
available and appropriate, to comparable market values. For the years ended September 30, 2023 and 2024, no impairment of long-lived
assets was recognized.

The purchase price of an acquired
company is allocated between tangible and intangible assets acquired and liabilities assumed from the acquired business based on their
estimated fair values, with the residual of the purchase price recorded as goodwill. The results of operations of the acquired business
are included in the Company’s operating results from the date of acquisition.

The accounting standard regarding
fair value of financial instruments and related fair value measurements defines financial instruments and requires disclosure of the
fair value of financial instruments held by the Company.

The accounting standards define
fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement and enhance disclosure requirements
for fair value measures. The three levels are defined as follow:

| ● | Level 1 inputs to the valuation methodology are quoted                     
 prices (unadjusted) for identical assets or liabilities in active markets. |

| ● | Level 2 inputs to the valuation methodology include quoted                                                                               
 prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly 
 or indirectly, for substantially the full term of the financial Instruments.                                                             |

| ● | Level 3 inputs to the valuation methodology are unobservable 
 and significant to the fair value.