- This topic has 1 reply, 2 voices, and was last updated 3 months ago by Stephen Widberg.
- You must be logged in to reply to this topic.
ACCA Webinars: How to earn marks in Strategic Professional Exams. Learn more >>
20% off BPP Books for ACCA & CIMA exams - Get BPP Discount Code >>
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?
Amortise if finite life.
If life indefinite – no amortisation but annual impairment review.