Depreciation of Fixed Assets. The rates of depreciation and amortisation shown in the audited accounts of the Target for the 3 financial years ended on the Last Accounts Date were sufficient to ensure that each fixed asset of the Target will be written down to nil by the end of its useful life.
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Sources: Share Purchase Agreement (CVSL Inc.), Share Purchase Agreement (KVH Industries Inc \De\)
Depreciation of Fixed Assets. The rates of depreciation and amortisation shown in the audited accounts of the Target Seller and the Subsidiaries for the 3 financial years ended on the Last Accounts Date were sufficient to ensure that each fixed asset of the Target Seller will be written down to nil by the end of its useful life.
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