CERTYNEX IFRS ACADEMY

Valtrion holds a patent on a surface-treatment process. A new regulation permanently bans the process: Valtrion stops using it, no buyer or licensee is conceivable and no other benefit is expected from the patent. What should Valtrion do?

Derecognise the patent.

Keep the patent as an asset until its legal protection expires.

Keep the patent as an asset and suspend its amortisation until the regulation possibly changes.

Keep the patent as an asset until it is sold, since only a sale allows it to be derecognised.