CERTYNEX IFRS ACADEMY

Which of the following facts are relevant factors that may lead an entity to adopt a shorter useful life for an intangible asset?

The entity has chosen the revaluation model for the asset's class.

The right to use the asset ends before the intended period of use.

The acquisition price of the asset is particularly high.

A competing technology is expected to make the asset obsolete shortly.

The asset can only work with equipment whose withdrawal is scheduled.

Management prefers a higher amortisation charge to reduce taxable profit.