alleryStart learning →Which intangible may have an indefinite life and so is not amortised?
AA short-term lease
BA five-year licence
CGoodwill and some brands
DSoftware with set life
Answer & Solution
Correct answer: C. Goodwill and some brands
Goodwill can be treated as having indefinite life, so it is tested yearly for impairment instead of amortised.
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