... an impairment loss occurs before the end of the first annual accounting period commencing after acquisition for an intangible asset 6 Accounting Standard (AS) 28, ‘Impairment of Assets’, ... acquired in an amalgamation in the nature of purchase is accounted for in accordance with Accounting Standard (AS)14, Accounting for Amalgamations. Where in preparing the financialstatements ... available for use. Therefore, this Standard requires anenterprise to test for impairment, at least annually, the carrying amount ofan intangible asset that is not yet available for use. 85....