CERTYNEX IFRS ACADEMY

An entity concludes that an acquired brand has an indefinite useful life. What information must it disclose in this respect in the notes?

No specific information, since the brand is not amortised and generates no amortisation charge.

The amortisation charge that would have been recognised had the brand been amortised over twenty years.

Its carrying amount and the reasons for the indefinite life, including the significant factors.

Only the result of the impairment test, without justifying the life adopted.