Consider the following statements relating to issues regarding amortisation in terms of IAS 38 Intangible Assets:

1. Not all intangible assets are amortised, as some have indefinite useful lives.

2. The residual value used when amortising an intangible asset is generally zero

3. All intangible assets must be amortised using the straight-line method

4. Intangible assets are amortised over the asset’s economic useful life starting from the date it is first available for use.