AASB 138 Intangibles,requires That an Intangible Asset with a Finite

question 5

Multiple Choice

AASB 138 Intangibles,requires that an intangible asset with a finite life:

• A)be amortised across its useful life
• B)be amortised across a period of no greater than 20 years
• C)not be amortised in periods when it is been properly maintained
• D)not be subject to amortisation charges.

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Definitions:

Exploration And Commitment

A psychological concept involving the investigation of various identities or beliefs and making a commitment to a particular identity or belief system.

James Marcia

A psychologist known for his work on adolescent identity development and the Identity Status Interview, his framework includes statuses such as identity achievement and identity confusion.

Concept Of Probability

The theory or principle that deals with the likelihood of the occurrence of particular events.