Intangible Assets Can Have Either Finite or Indefinite Lives

question 159

True/False

Intangible assets can have either finite or indefinite lives.

---

Definitions:

Anticipate Future Relations

The act of predicting and preparing for potential future interactions with others.

Resale

Resale refers to the act of selling something previously bought, often used goods, to another buyer.

Negative-News Message

A communication that conveys disappointing or unfavorable information to the recipient.

Admit Blame

The act of accepting responsibility for a mistake or wrongdoing.