Team Lead
7558 Points
Joined November 2011
The relevant excerpts of AS26 regarding teh change in the amortization period given below:
In some cases, there may be persuasive evidence that the useful life ofan intangible asset will be a specific period longer than ten years. In thesecases, the presumption that the useful life generally does not exceed tenyears is rebutted and the enterprise:
(a) amortises the intangible asset over the best estimate of its useful life;
(b) estimates the recoverable amount of the intangible asset at leastannually in order to identify any impairment loss (see paragraph
83); and
(c) discloses the reasons why the presumption is rebutted and the
factor(s) that played a significant role in determining the useful
life of the asset (see paragraph 94(a)).