For indefinite-life intangibles,impairment must be tested at least annually,even in the absence of indicators.

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This statement is true according to accounting standards. Indefinite-life intangibles, such as patents or trademarks, are required to be tested for impairment at least annually, regardless of whether there are indicators of impairment present. This is to ensure that the carrying amount of the intangible asset on the company's balance sheet does not exceed its recoverable amount, which is the higher of its fair value less cost to sell or its value in use.

For Indefinite-Life Intangibles,impairment Must Be Tested at Least Annually,even in the Absence