intangible assetForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › intangible assetThis topic has 1 reply, 2 voices, and was last updated 5 years ago by P2-D2.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts February 4, 2019 at 11:11 am #504110 iyamuParticipantTopics: 285Replies: 171☆☆☆Please, i did not understand very well the non current asset that are infinite and finite .Is good will categorize as infinite intangible asset ? do we treat it same way as intellectual property , brand, copy rights, and others etc February 4, 2019 at 8:58 pm #504192 P2-D2KeymasterTopics: 4Replies: 6904☆☆☆☆☆Hi,Infinite means that its life goes on forever.Finite means that the life lasts a specific length of time, say 10 years.Goodwill is an intangible under IFRS 3, and has an indefinite life so will be subject to annual impairment reviews.ThanksAuthorPostsViewing 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