CERTYNEX IFRS ACADEMY

In a workpaper, the accounting team of Studio Kalimba concludes on an indefinite useful life for an acquired video game franchise. The only documented justification is management's intention to keep publishing games under this franchise. What should be completed as a priority?

Nothing: management's intention to continue exploiting the franchise is enough to justify an indefinite useful life.

An amortisation schedule over a standard period, attached to the file for information.

Analysis of the relevant factors: life cycles, obsolescence, industry stability, maintenance spending.

A mere legal certificate on the copyright protection attached to the franchise.