Which of the Following Is an Intangible Asset That Is

question 67

Multiple Choice

Which of the following is an intangible asset that is not typically amortized?

• A)patent
• B)copyright
• C)franchise
• D)trademark

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Definitions:

Kelo v. City of New London

A U.S. Supreme Court case deciding on the use of eminent domain to transfer land from one private owner to another to further economic development.

Takings Clause

A clause within the Fifth Amendment to the U.S. Constitution that bars the government from appropriating private land for public benefit without providing adequate payment.

Public Use

The use of land or property for purposes that benefit the public, often a key consideration in eminent domain cases.

Procedural Due Process

Legal principle requiring fair treatment through the normal judicial system, especially as a citizen's entitlement.