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

question 12

Multiple Choice

AASB 138 Intangible Assets,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:

Population

Population refers to the total number of individuals or inhabitants within a specific area or belonging to a particular group.

Sample

A portion of a population selected for analysis or research, aimed to represent the larger group from which it is drawn.

Sociological Research

The systematic study of social behavior, norms, and institutions, often involving empirical investigation and analysis.

Collectivity

A term describing a group of individuals who share or are motivated by at least one common issue or interest, or work together to achieve a common objective.