alleryStart learning →An indefinite life means no foreseeable limit to what?
AThe original cost
BPeriod of cash inflows
CThe legal title
DThe tax life period
Answer & Solution
Correct answer: B. Period of cash inflows
Indefinite means no foreseeable limit to the period over which the asset is expected to generate net cash inflows.
Keep practising Ind AS 36 Impairment of Assets and Ind AS 38 Intangible Assets
Browse all Ind AS 36 Impairment of Assets and Ind AS 38 Intangible Assets questions for CA Final, or explore more Financialreporting topics.
Related questions
With no active market now, a revalued intangible is carried at what?Prior recoverable amount may be reused if the margin was what?Acquired intangibles that cannot be recognised separately go where?Costs of an entity's own website at the planning stage are treated how?The best estimate of a recognised website's useful life should be what?A website from development is recognised only if it meets what?To assess impairment of an intangible asset, which Ind AS is applied?How may a nominal-cost government grant intangible be measured?