CERTYNEX IFRS ACADEMY

The Rights and brands class of the Ostrévie group includes brands assessed as having indefinite useful lives and operating rights with finite lives. How must the note for this class deal with useful lives?

It says nothing about useful lives, since the class mixes both situations.

It assigns a conventional useful life to all brands to make the presentation uniform.

It states whether lives are finite or indefinite and, for finite-life rights, the lives or rates and the amortisation methods.

It states only the amortisation methods, without specifying which assets have finite or indefinite lives.