Examlex
If the total on the debit side of a T account is greater than the total on the credit side, the balance is recorded on the debit side.
Intangibles
Non-physical assets owned by a firm that can include patents, trademarks, copyrights, and goodwill.
Disclosed
Information that has been revealed or made known, often used in the context of financial statements and reports.
AASB 138
An accounting standard that specifies how intangible assets should be accounted for and disclosed in financial statements.
Indefinite Life
An intangible asset that has no foreseeable limit on the period over which it is expected to generate economic benefits.
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