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Chapter 5
4.4 Amortisation
Like any other non-current asset, an intangible asset should be written off over its
expected useful life to the entity.
An intangible asset with an indefinite useful life should not be amortised. An asset
has an indefinite useful life if there is no foreseeable limit to the period over which the
asset is expected to generate net cash inflows for the entity. Instead, the intangible
asset is subject to an annual impairment review to ensure that its carrying amount in
the financial statements does not exceed its recoverable amount.
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