goodwill with a definite useful lifeForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › goodwill with a definite useful lifeThis topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts July 2, 2021 at 5:16 am #626820 Noah098MemberTopics: 935Replies: 352☆☆☆☆☆sir goodwill acquired in a business combination, which has a definite useful life, is still subject to annual impairment review? July 2, 2021 at 5:58 am #626827 Stephen WidbergKeymasterTopics: 16Replies: 3411☆☆☆☆☆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 irrelevantAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In