- CFA Exams
- CFA Level I Exam
- Topic 3. Financial Statement Analysis
- Learning Module 23. Long-lived Assets
- Subject 7. Presentation and Disclosures
CFA Practice Question
Regarding the disclosure requirements for intangible assets, which piece of information is required by IFRS but not by U.S. GAAP?
A. Whether the useful lives are indefinite or finite
B. Accumulated amortization expense
C. Gross carrying amount
Explanation: IFRS, then, have different requirements for intangible assets with indefinite and definite lives.
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