AASB 138 Requires That Entities Classify Their Intangible Assets into Those

question 1

Multiple Choice

AASB 138 requires that entities classify their intangible assets into those with finite lives and those with indefinite lives.Which of these is a factor that tends to limit the useful life of intangible assets?

• A) Technological obsolescence
• B) Contractual and legal rights
• C) Uncertainty
• D) All are factors

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Definitions:

Simple Cuboidal Epithelium

Simple cuboidal epithelium is a type of single-layered tissue consisting of cube-shaped cells, commonly found lining glands and ducts, serving both secretory and absorptive functions.

Urethra

the tube that conveys urine from the bladder to the outside of the body.

Peristaltic Waves

Sequential muscle contractions that occur in the digestive tract, moving food through the esophagus to the stomach and intestines.

Erythropoietin

A hormone produced mainly by the kidneys that promotes the formation of red blood cells in the bone marrow.