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Sir, can explain to me what this passage means?
“An important underlying assumption in assessing the useful life of an intangible asset is that it reflects only the level of future maintenance expenditure required to maintain the asset ‘at its standard of performance assessed at the time of estimating the asset’s useful life’. The indefinite useful life should not depend on planned future expenditure in excess of that required to maintain the asset.At the time of assessing useful life, we look only at maintaining performance rather than at the possibilities of future improvements that may potentially enhance performance.
Is that better?
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