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
Ask the Tutor ACCA SBR
Intangible Assets
Amortise if finite life.
If life indefinite - no amortisation but annual impairment review.
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