CERTYNEX IFRS ACADEMY

Which of the following factors does the entity consider when assessing the useful life of an intangible asset?

The expected usage of the asset by the entity.

How the acquisition is financed, through equity or debt.

Technical, technological or commercial obsolescence.

The stability of the industry and changes in demand for the products derived from the asset.

The tax depreciation rate applicable to the asset.

The period of control over the asset and legal limits on its use.