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Unformatted text preview: at the intangible asset
may be impaired. The amortisation period and the amortisation method for an intangible asset with a finite useful life
is reviewed at least at each financial year end. Changes in the expected useful life or the expected pattern if
consumption of future economic benefits embodied in the asset are accounted for by changing the amortisation
period or method, as appropriate, which is a change in accounting estimate. The amortisation expense on intangible
assets with finite lives is recognised in profit or loss in the expense category consistent with the function of the
intangible asset. 36 Wellcom Group Limited
Notes to the Consolidated Financial Statements 2. Summary of significant accounting policies (continued) For personal use only o) Intangible assets (continued) Intangible assets with indefinite useful lives are tested for impairment annually either individually or at the cashgenerating unit level. Such intangibles are not amortised. The useful life of an intangible asset with an indefinite life
is reviewed at each reporting period to determine whether the indefinite life assessment continues to be supporta...
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This document was uploaded on 02/06/2014.
- Spring '14