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Amortization on intangible assets

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(Querist)
20 November 2023 whether Amortization of an Intangible Assets is depends upon Finite useful life or Indefinite useful life. which AS says.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 November 2023 Finite useful life.
This AS adopts a presumption that the useful life of intangible assets does not exceed ten years. In some cases, it would be longer than ten years.
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