Which of the following statements concerning intangibles is true? a. a copyright should be considered an intangible with an indefinite life b. organization costs must be expensed as incurred c. a patent should be amortized over the shorter of the inventor’s life or its economic life d. the registration of a trademark or tradename lasts for 20 years and is nonrenewable

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A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…