b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2019 (Continued)Power plant assets k. Borrowing costs Thepowerplantassetsaredepreciatedona Borrowingcostsdirectlyattributabletothestraight-linebasisandasfollows: acquisition,constructionorproductionofanassetthat necessarily takes a substantial period of Asset Category Percentagetime to get ready for its intended use or sale are capitalizedaspartofthecostoftherespectiveBuilding hall 5% asset.Allotherborrowingcostsareexpensedintheperiodinwhichtheyoccur.BorrowingcostsProductionhall 10% consist of interest and other costs that an entity Furniture 33.33% incursinconnectionwiththeborrowingoffunds.BorrowingcostsincurredonorafterthedateTankbattery 20% oftransitionforalleligiblequalifyingassetsarecapitalized.Powerhouseequipment 5-20%l. Intangible assets Other units5-20%IntangibleassetsacquiredseparatelyaremeasuredCorporate & Other fixed assets oninitialrecognitionatcost.ThecostofintangibleassetsacquiredinabusinesscombinationistheirLandandfreeholdestatesarenotdepreciated. fairvalueasatthedateofacquisition.FollowingOtherpropertiesoutsidetheproductionfieldare initialrecognition,intangibleassetsarecarriedbeingamortizedonastraight-linebasis.The atcostlessaccumulatedamortizationandannualdepreciationpercentagesareasfollows; accumulatedimpairmentlosses,ifany.InternallyWhereapplicablearesidualvalueistakeninto generatedintangibleassets,excludingcapitalizedconsideration. developmentcosts,arenotcapitalized.Instead,therelatedexpenditureisrecognizedintheAsset Category Percentageconsolidatedstatementofprofitorlosswhenitisincurred.TheusefullivesofintangibleassetsareBuilding hall 10% assessedaseitherfiniteorindefinite.IntangibleassetswithfinitelivesareamortizedovertheirTelecommunicationequipment 20% usefuleconomiclivesandassessedforimpairmentDockTLF 4% wheneverthereisanindicationthattheintangibleasset may be impaired. Oil tanker 10% TheamortizationperiodandtheamortizationDrillingmachinery 20% methodforanintangibleassetwithafiniteusefullifearereviewedatleastattheendofeachHeavyequipment 20% reporting period. Changes in the expected useful Transportationequipment 33.33% life or the expected pattern of consumption of futureeconomicbenefitsembodiedintheassetareaccountedforbychangingtheamortizationperiodAnitemofproperty,plantandequipmentis ormethod,asappropriate,andaretreatedasderecognizedupondisposalorwhennofuture changes in accounting estimates. economicbenefitsareexpectedfromitsuseordisposal. Any gain or loss arising on de-recognitionTheamortizationexpenseonintangibleassetsoftheasset(calculatedasthedifferencebetween withfinitelivesisrecognizedintheconsolidatedthe net disposal proceeds and the carrying amountstatementofprofitorlossintheexpensecategoryof the asset) is included in the consolidatedconsistentwiththefunctionoftheintangibleassets.statementofprofitorlosswhentheassetis Intangibleassetswithindefiniteusefullivesarenotderecognized.Theresidualvalues,usefullives amortized,butaretestedforimpairmentannually,andmethodsofdepreciationofproperty,plantand eitherindividuallyoratthecash-generatingunitequipmentarereviewedateachfinancialyearend level.Theassessmentofindefinitelifeisreviewedandadjustedprospectively,ifappropriate. annuallytodeterminewhethertheindefinitelifecontinuestobesupportable.Ifnot,thechangeinusefullifefromindefinitetofiniteismadeonaprospectivebasis.Gainsorlossesarisingfromde-recognition of an intangible asset are measured as thedifferencebetweenthenetdisposalproceeds49'