Common use of Accounting value Clause in Contracts

Accounting value. Regardless of the value established for tax purposes or for any other purpose, "book value" is for the Agreement the carrying amount of the Concession Assets expressed in Dollars (according to audited Financial Statements prepared in accordance with generally accepted standards and principles in Peru), net of accumulated depreciation and amortization at the time of calculation. For these purposes, depreciation will be calculated under the straight-line method, for a period of thirty (30) years. If the depreciation for tax purposes is greater than that defined in this paragraph, the difference between (1) the income tax that would have been paid under the depreciation method described above and (2) the income tax resulting from the depreciation method used by the Concessionaire, will be discounted. The book value does not include revaluations of any nature, for the Agreement provision purposes. (city), 201…. Messrs.