AASB 138 Intangible Assets,requires that an intangible asset with a finite life:
A)be amortised across its useful life.
B)be amortised across a period of no greater than 20 years.
C)not be amortised in periods when it is been properly maintained.
D)not be subject to amortisation charges.

Question

Quizplus · Accepted Answer

AASB 138 requires that an intangible asset with a finite life should be amortised across its useful life, which is the length of time that the asset is expected to provide benefits to the entity. The useful life of an intangible asset may be finite or indefinite. If it is finite, then amortisation is required to be charged over the useful life.

AASB 138 Intangible Assets,requires That an Intangible Asset with a Finite