Final answer:
The statement is true. IFRS permits the reversal of impairment losses on both finite-life and indefinite-life intangible assets if their value increases in the future, as long as the reversal does not exceed the original carrying amount of the asset.
Step-by-step explanation:
The statement that IFRS does allow for reversals of impairment losses on both finite-life and other indefinite-life intangible assets if their value increases in the future is True. According to the International Financial Reporting Standards, if there is a change in the estimates used to determine the recoverable amount of an asset that results in an increase in the recoverable amount, the previously recognized impairment loss can be reversed. This applies to both types of intangible assets. However, the reversal should not exceed the carrying amount that would have been determined if no impairment loss had been recognized for the asset in prior periods.