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

---

Definitions:

Incubation

The process or period between exposure to an infection and the appearance of the first symptoms.

Vector Transmission

The transfer of a disease or pathogen through carriers such as mosquitoes, ticks, or fleas from one host to another.

Disease-carrying Insect

An insect that transmits pathogens to humans or other animals, causing diseases.

Communicable Disease

An infectious disease that can be transmitted from one individual to another, either directly or indirectly.