Where an Intangible Asset Has an Indefinite Useful Life,there Is

question 24

True/False

Where an intangible asset has an indefinite useful life,there is no amortisation expense recorded.

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Definitions:

Operant Conditioning

A process in which learning occurs by modifying the strength of a behavior using rewards or punishments.

Compulsion

The irresistible urge to perform an act repeatedly, often as a way of relieving anxiety, which constitutes part of obsessive-compulsive disorder.

Obsession

Persistent and intrusive thoughts, images, or urges that cause significant anxiety or discomfort.

Checking Behaviour

A type of compulsive behavior characterized by the need to check things repeatedly.