alleryStart learning →The useful life of an intangible arising from contractual or legal rights cannot exceed what?
AA flat twenty years
BThe period of the rights
CA flat ten years
DIts original cost
Answer & Solution
Correct answer: B. The period of the rights
Useful life from legal rights shall not exceed the period of the rights, but may be shorter.
Keep practising Ind AS 36 Impairment of Assets and Ind AS 38 Intangible Assets
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