Under IAS 38 Intangibles, an Intangible Asset with an Indefinite

question 17

Multiple Choice

Under IAS 38 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.