Dear Amit,
The life of intangible asset may be indefinite but not infinite. There is a very thin line of demarkation between the word indefinite and infinite. Here it will be better to use word indefinite.
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Amortization of intangible is allowable in IFRS?
Thank you sirjee..
And also there is no concept of indefinte life in Indian Accounting Standards, this is a difference between AS and IAS.
in as it should be amortised with in 10 yrs
Yes Agreed
thanks
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