Labels:text | screenshot | book OCR: are charged to the cost of specific plant or to the income statement, as appropriate. They are stated at cost, less a provision for excess and obsolete items. Fixed asset investments Indefeasible rights of use granted in cable systems are classified as fixed asset investments. Fixed asset investments are stated at cost less amortisation. Amortisation is calculated on a straight-line basis over the expected useful lives of the cables. The maximum expected useful lives of the cables are 25 years. Leased assets The cash cost equivalent of assets acquired under finance lease agreements that transfer substantially all the risks and rewards of ownership to the Group, is capitalised. NNNN
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