How should an intangible asset be amortised if it has a finite life?
Answer
The straight-line method is typically used for amortization.
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Subject 2. Measurement Bases of Assets and Liabilities pment stage to be capitalized if certain criteria (including technological feasibility) are met.
A company should assess whether the useful life of an intangible asset is finite or infinite and, if finite, the length of its life. <span>The straight-line method is typically used for amortization.
Goodwill is an example of an unidentifiable intangible asset which cannot be acquired singly and typically possesses an indefinite benefit period. It stems from such factor
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