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Question · Disclosure of indefinite-life assets

Six years ago, the Cassévane group acquired a brand of artisan jams that has been on its market for more than a century. The market is stable, the brand is supported by an annual advertising budget that the group is committed to maintaining, no technical obsolescence is conceivable and the brand is protected by a renewable registration. Management has concluded that the useful life is indefinite. Carrying amount at the reporting date: 2,600,000. Draft the paragraph of the notes dealing with this brand.

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Judgment question: compare your answer with the criteria and the model explanation.

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