Which of the Following Intangible Assets Is Not Subject to the 15-Year

question 65

Multiple Choice

Which of the following intangible assets is not subject to the 15-year amortization period?

• A) Purchased goodwill.
• B) A professional football franchise purchased and relocated to Indianapolis.
• C) A covenant not to compete.
• D) A purchased customer list for mail order clothing.
• E) A patent for a hair restoration chemical purchased from Ugrow Corporation.

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Definitions:

Hydrogenation

A chemical reaction where hydrogen is added to double or triple bonds in an organic compound, often resulting in saturated compounds.

2-Pentene

An alkene with the formula C5H10, featuring a double bond between the second and third carbon atoms.

Pentane

A straight-chain alkane with the formula C5H12, used as a solvent in the laboratory and as a standard in certain types of chromatography.

Mass Spectrum

A graph or chart that displays the distribution of ions by mass in a sample, providing information about the molecular weight and structure of compounds.