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Stephen Widberg.
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Noah098
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sir goodwill acquired in a business combination, which has a definite useful life, is still subject to annual impairment review?
Stephen Widberg
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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
Noah098
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