QUESTION 11

1. Which of the following statements relating to intangible assets is TRUE?

   	A.	The renewal period for contractual or other legal rights can be regarded as part of the useful life of an intangible asset only if a significant cost is required on the renewal.
   	B.	Amortisation on the intangible ceases at the date that the asset is classified as held for sale or the date that the asset is derecognized.
   	C.	A change from indefinite to finite useful life for an intangible asset indicates that the asset may be impaired. The intangible asset shall be tested for impairment.
   	D.	An entity can use the revaluation model as its policy in subsequently measuring its intangible assets even if there is no active market for the intangible assets.