While IFRS requires an impairment test at each reporting date for long-lived assets, it requires no such test for intangibles once a legal or useful life has been determined.

Question

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IFRS requires an impairment test for intangibles at each reporting date, regardless of whether a legal or useful life has been determined, if there is an indication that the asset may be impaired.

While IFRS Requires an Impairment Test at Each Reporting Date