What is the basis of recognising intangible assets? How are they amortised? What are the major disclosure requirements of accounting standard for such assets? What is impairment of assets? Is reversal...

What is the basis of recognising intangible assets? How are they amortised? What are the major disclosure requirements of accounting standard for such assets?

What is impairment of assets? Is reversal of impairment loss feasible? Explain your answer based on the requirements of accounting standard.