Intangible assets are not depreciated under AASB 116 because:
A) they do not have a finite life.
B) they are now amortised under AAS 138, which provides specific guidance on intangibles.
C) intangible assets only appreciate and so cannot be depreciated.
D) intangibles are not physical assets and so are not subject to wear and tear.
Correct Answer:
Verified
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