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goodwill with a definite useful life

Former userFormer user5y ago

[Content removed at user request]

stephenwidbergstephenwidbergTutor5y ago#1
Useful life is considered for IAS 38 intangibles. It is not considered for goodwill which is dealt with in IFRS 3. Remember that goodwill does not meet the definition of intangible - it is not separable and it does not give legal / contractual rights - so IAS 38 is completely irrelevant
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