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

question 23

Multiple Choice

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

• A) should be amortised on a systematic basis over their useful lives.
• B) amortised over their legal lives.
• C) should not be amortised but tested each year for impairment.
• D) should be amortised over a period not exceeding 20 years.

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Definitions:

Probability of Death

A statistical measure that estimates the likelihood of dying from various causes or in various circumstances.

Burnout

A state of physical, emotional, and mental exhaustion caused by prolonged stress and overwhelm, typically in a work context.

Cynicism

An attitude characterized by skepticism towards motives or virtues of others, often manifesting as distrust or pessimism.

Physical Working Conditions

The environmental and physical factors of a workplace that affect the health, safety, comfort, and performance of workers.