On 1 January 20X1, a dairy cooperative acquires a cheese brand for 750,000; the brand's useful life is judged indefinite. The seller had amortised it over 15 years. The cooperative applies the cost model. After 3 years, the annual impairment tests under IAS 36 have all shown a recoverable amount above the carrying amount. What are the accumulated amortisation and the carrying amount of the brand at 31 December 20X3?
- Cost of the brand
- 750,000
- Amortisation period used by the former owner
- 15
- Years elapsed
- 3