Intangible Assets

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April 24, 2022 at 9:45 pm #654378
james8500
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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
April 25, 2022 at 6:58 am #654380
Stephen Widberg
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Amortise if finite life.

If life indefinite – no amortisation but annual impairment review.
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