A company has a broadcasting licence that has a 10-year life. The licence may be renewed indefinitely at little cost. The acquiring entity intends to renew the licence and evidence supports its ability to do so. How should the licence be treated under AASB 138? Select one: o As having an indefinite useful life o As having a finite useful life O Broadcasting licences must always be amortized over their legal life O Broadcasting licences are always prohibited from being recognized