Examlex
Sustainability requires continual learning.
Finite Life
A term used to describe assets or investments that have a fixed period of utilization or return, after which they cease to produce value.
Amortised
The process of gradually writing off the initial cost of an asset over its useful life.
Internally Generated
Refers to assets or values created within a company through its own processes and activities, rather than acquired externally.
AASB 138
An Australian Accounting Standard Board rule that outlines the accounting requirements for intangible assets not covered by other specific standards.
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