Under AASB 138 Intangibles, an Intangible Asset with an Finite

question 12

Multiple Choice

Under AASB 138 Intangibles, an intangible asset with an finite useful life is:

• A) not able to be recognised by an entity as an asset.
• B) not subject to annual amortisation charges.
• C) amortised using the straight-line method over a period of no more than 20 years.
• D) amortised systematically over its useful life.

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Definitions:

Nose

An external protrusion on the face that houses the nostrils and is associated with the sense of smell and breathing.

Respiratory Rate

The number of breaths taken per minute, an important vital sign indicating respiratory health and function.

Heart Rate

The number of heartbeats per unit of time, usually expressed in beats per minute (bpm).

Oxygen Concentrations

The amount of oxygen present in a given environment or substance, critical for cellular respiration and aerobic processes.