CERTYNEX IFRS ACADEMY

An entity concludes that an intangible asset has a finite useful life. In what form can that life be expressed?

Only as a number of years, counted from the date the asset was acquired.

As a length of time, or a number of production or similar units.

Only as the legal term of the rights attached to the asset, whatever its use.

As a percentage of the total revenue expected from the asset.