Intangible assets with an indefinite useful life:
(Choose one correct option only)

Question

Intangible assets with an indefinite useful life: 
 (Choose one correct option only)

Answer

Should not be amortised and should be tested for impairment at least annually.

Answer

Should be recorded at cost indefinitely.

Answer

Should be amortised over 40 years.

Answer

Should not be amortised and should be tested for impairment only when there are indicators of impairment.

Answer

Should be revalued every year and the fair value adjustment included in profit or loss.

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