Under AASB 138 Intangibles,an Intangible Asset with an Indefinite Useful

question 14

Multiple Choice

Under AASB 138 Intangibles,an intangible asset with an indefinite 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 using the reducing balance method over a period not exceeding 5 years.

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Definitions:

Adolescents

Refers to individuals in the developmental stage that transitions from childhood to adulthood, typically ranging from 13 to 19 years of age.

Shares Less Intimacy

Refers to relationships or interactions that involve lower levels of emotional closeness or personal sharing.

Adolescence

The developmental stage between childhood and adulthood, typically between the ages of 13 and 19, characterized by significant physical, psychological, and social changes.

Growth Spurt

A rapid increase in height and weight that occurs during puberty due to hormonal changes.