According to IAS 38/AASB 138 Intangible Assets That Have Been

question 32

Multiple Choice

According to IAS 38/AASB 138 intangible assets that have been established to have finite useful lives:

• A) amortised over their legal lives.
• B) should be amortised over a period not exceeding 10 years.
• C) should be amortised on a systematic basis over their useful lives.
• D) should not be amortised but tested each year for impairment.

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Definitions:

Clinical Setting

A healthcare environment where patients receive treatment and care from medical professionals.

Training

The process of enhancing one's knowledge, skills, and competencies through practice and instruction.

Humanistic Therapy

Treatment for psychological disorders where a therapist works with clients to help them develop their full potential for personal growth through greater insight.

Behavioral Modification

A therapeutic approach that seeks to change or shape behavior through various techniques and strategies, such as reinforcement and punishment.