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Intangible Assets

JJames85004y ago
Hi, I understand intangibles recognised as a result of a business combination are recognised at fair value. Can you please tell me what the subsequent measurement is? With the existence of an active market to obtain a fair value in future periods being unlikey, is the asset amoritised based on their useful life or tested for impairment annually? Thanks
stephenwidbergstephenwidbergTutor4y ago#1
Amortise if finite life. If life indefinite - no amortisation but annual impairment review.
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