09-22-2006, 03:25 AM
Under IFRS and FASB standard on impairment of intangibles, it is required to review the intangible assets for impairment atleast annually.
Is it also required separately to review useful lives? As amortisation has been banned, a review of useful lives seem superflous.
Your comments please.
Is it also required separately to review useful lives? As amortisation has been banned, a review of useful lives seem superflous.
Your comments please.