Éditions Morlaix amortise on a straight-line basis, over 8 years and with no residual value, a distribution licence acquired for 288,000 and available for use for several years. On 31 May 20X3, the licence is classified as held for sale under IFRS 5; it is sold and derecognised on 31 October 20X3. Calculate the amortisation charge for the year ended 31 December 20X3.
- Cost of the licence
- 288,000
- Useful life
- 8