v3.22.1

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Estimated Useful lives of Fixed Assets

Fixed assets are stated at cost less accumulated depreciation. Depreciation is recorded on a straight-line basis over the shorter of the estimated useful lives of the assets or the term of the related lease, as follows:

Office building		–  43 to 45 years
Office building related facility, machinery and equipment		–  10 to 15 years
Computer equipment		–  3 to 5 years
Office equipment		–  3 to 5 years
Vehicles		–  5 years
Leasehold improvements		–  over the shorter of lease terms or estimated useful lives of the assets

Intangible Assets, Weighted Average Economic Lives from Date of Purchase

Intangible assets have weighted average useful lives from the date of purchase as follows:

Trademarks		– 11 years
Technology		– 5 years
Intellectual property right		– 8 years
Online literature		– 8 years
Others		– 13 years

X

- Definition

Tabular disclosure of the estimated useful lives of property plant and equipment.

+ References

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- Definition

Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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