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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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