Intangible Assets

Question 1

IFRS - Impairment of Intangibles

What are the JEs for a finite and infinite life?

Answer 1

Finite
Reval. surplus-OCI (balance)
Impairment loss (plug)
         Asset OR Accum Amort
Indefinite
Reval. surplus-OCI (balance)
Impairment loss (plug)
          Asset