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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Indefinite useful life assesment
Should we also annually asses the useful life of an intangible asset with indefinite useful??
If indefinite, there must be an annual impairment review.
You would also assess whether the remaining life was now no longer indefinite – at the same time as the impairment review every year.
Thank you sir 🙂
🙂