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    Question

    Which of the following is true about amortisation of

    intangible assets under Ind AS?
    A Intangible assets are not amortised if indefinite life. Correct Answer Incorrect Answer
    B All intangible assets must be amortised over 5 years only. Correct Answer Incorrect Answer
    C Amortisation is optional for intangible assets. Correct Answer Incorrect Answer
    D Amortisation is not allowed under Ind AS. Correct Answer Incorrect Answer
    E Amortisation is same as revaluation reserve. Correct Answer Incorrect Answer

    Solution

    Intangibles with indefinite useful life are not amortised but tested annually for impairment.

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