AASB 138 Intangibles, requires that an intangible asset with an indefinite life:
A) be amortised across its useful life.
B) be amortised across a period of no greater than 10 years.
C) not be amortised in periods when it has been properly maintained.
D) not be subject to amortisation charges.

Question

Quizplus · Accepted Answer

AASB 138 requires that an intangible asset with an indefinite life should not be subject to amortisation charges, but should be tested annually for impairment or changes in the expected useful life.

AASB 138 Intangibles, Requires That an Intangible Asset with an Indefinite