KORE Group Holdings, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Summary Of Significant Accounting Policies (Tables)

Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Summary of estimated useful lives using the declining-balance method as follows;

Property and equipment are recorded at cost and are depreciated over their estimated useful lives using the declining-balance method at the following annual rates:


Computer hardware	30	%
Computer software	30	%
Furniture and fixtures	20	%
Networking equipment	20	%

Summary of intangible assets are amortized on a straight-line basis over their estimated useful lives as follows:

Identifiable intangible assets comprise assets that have a definite life. Customer relationship intangibles are

recognized

on an accelerated basis and

the

other intangible assets are amortized on a straight-line basis over their estimated useful lives as follows:


Customer relationships			10 – 13 years
Technology			5 – 9 years
Carrier contracts			10 years
Trademarks			9 – 10 years
Non-compete agreements			3 years
Internally developed and acquired computer software			3 – 5 years