CTHRepealedLegislation
AASB 138 - Intangible Assets - July 2004
Example 3 An acquired copyright that hasExample 3 An acquired copyright that has a remaining legal life of 50 years
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Example 3 An acquired copyright that has a remaining legal life of 50 years
An analysis of consumer habits and market trends provides evidence that the copyrighted material will generate net cash inflows for only 30 more years.
The copyright would be amortised over its 30-year estimated useful life. The copyright also would be reviewed for impairment in accordance with AASB 136 by assessing at the end of each reporting period whether there is any indication that it may be impaired.