Many factors are considered in determining the useful life of an intangible asset, including:
(a) the expected usage of the asset by the entity and whether the asset could be managed
efficiently by another management team;
(b) typical product life cycles for the asset and public information on estimates of useful
lives of similar assets that are used in a similar way;
(c) technical, technological, commercial or other types of obsolescence;
(d) the stability of the industry in which the asset operates and changes in the market
demand for the products or services output from the asset;
(e) expected actions by competitors or potential competitors;
(f) the level of maintenance expenditure required to obtain the expected future economic
benefits from the asset and the entity’s ability and intention to reach such a level;
(g) the period of control over the asset and legal or similar limits on the use of the asset,
such as the expiry dates of related leases; and
(h) whether the useful life of the asset is dependent on the useful life of other assets of the
entity.