QUESTION 3 What is the impact of the amortisation of an intangible asset at the financial year end. Statement of Profit or Loss - Increase expenses Statement of Financial Position - decrease assets Statement of Cash Flow - no impact Statement of Profit or Loss - decrease expenses Statement of Financial Position - Increase assets Statement of Cash Flow - Increase cash outflow Statement of Profit or Loss - Increase expenses Statement of Financial Position - decrease assets Statement of Cash Flow - Increase cash outflow Statement of Profit or Loss decrease expenses Statement of Financial Position - increase assets Statement of Cash Flow no impact