The requirement of AASB $138$ in relation to the amortisation of an intangible asset with a finite useful life is that:

Question $8$ Answer

a$.$

it is to be amortised from the time the asset is available for use and shall reflect the consumption of the economic benefits by the entity.

b$.$

it is to be amortised from the time the asset is held for sale till the asset is derecognised

c$.$

it is to be amortised at a reducing rate over a period not exceeding $10$ years

d$.$

it is to be amortised straight$-$line over a period not greater than $20$ years