Answered: An intangible asset with a finite…

An intangible asset with a finite useful life should be amortised over: O a. A period at the discretion of management. O b. Its expected useful life. O c Five years. O d. No foreseeable limit.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 11MC: How are intangible assets with an indefinite life treated? A. They are depreciated. B. They are...

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Question

An intangible asset with a finite useful life should be amortised over:
O a. A period at the discretion of management.
O b. Its expected useful life.
OC Five years.
O d. No foreseeable limit.

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