Amortisation or non?

JayAbacus Registered Posts: 2 New contributor 🐸
Hi Everyone,
I'm hoping you all may be able to assist with a query.
With the recent standard reform in mind, should a brand trademark intangible asset acquisition be amortised over a finite economic life or can management elect the asset to have an infinite life with annual impairment reviews?
I believe its the former but any guidance would be appreciated.
Thank you in advance.
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