CERTYNEX IFRS ACADEMY

Hélvarn's audit committee reviews four proposed wordings to justify, in the notes, the indefinite useful life of an acquired newspaper title. Which one is acceptable?

The title is not amortised because it was acquired in a business combination.

After analysing readership, market stability and the editorial maintenance expenditure, nothing makes it possible to set a horizon beyond which the title would stop providing positive net cash flows.

The title is not amortised because management intends to keep it for a very long time.

The title is not amortised because group policy excludes amortisation of newspaper titles.