This excerpt taken from the MITSY 6-K filed Nov 16, 2009.
Fixed Assets
•
Long-lived assets include tangible assets and identifiable intangible assets.
•
The assets are valued based on independent appraisals, prices for similar assets or discounted future cash flows whichever management considers most
appropriate and categorized as level 3.
•
Goodwill classified as level 3 is mainly valued on the basis of the fair value of the subsidiary, which is measured using discounted cash flows or
third party valuations.
